Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.8861835 |
details, prediction |
Litecoin
LTC
|
0.82242835 |
details, prediction |
Dogecoin
DOGE
|
0.79757285 |
details, prediction |
ChainLink
LINK
|
0.7722676 |
details, prediction |
Bitcoin
BTC
|
0.7678707 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
0.9240232 |
details, prediction |
Digix DAO
DGD
|
0.91466147 |
details, prediction |
Verge
XVG
|
0.89618474 |
details, prediction |
Ardor
ARDR
|
0.8809923 |
details, prediction |
Request Network
REQ
|
0.8617177 |
details, prediction |
|
Third tier
|
SyncFab
MFG
|
0.95229894 |
details, prediction |
Pura
PURA
|
0.9399395 |
details, prediction |
Factom
FCT
|
0.93837875 |
details, prediction |
Diamond
DMD
|
0.937713 |
details, prediction |
Infinite Coin
IFC
|
0.93664753 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Netko price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Netko
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.3542993 |
details, prediction |
SONM
SNM
|
0.24621762 |
details, prediction |
Ethereum
ETH
|
0.3917855 |
details, prediction |
TRON
TRX
|
0.41666773 |
details, prediction |
Bitcoin Cash
BCH
|
0.43687373 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.6731223 |
details, prediction |
Theta
THETA
|
-0.2705888 |
details, prediction |
Tezos
XTZ
|
-0.16675752 |
details, prediction |
Decred
DCR
|
-0.16656716 |
details, prediction |
True USD
TUSD
|
0.012075469 |
details, prediction |
|
Third tier
|
Docademic
MTC
|
-0.7646551 |
details, prediction |
WeAreSatoshi
WSX
|
-0.72025275 |
details, prediction |
ODEM
ODEM
|
-0.71919984 |
details, prediction |
GoChain
GO
|
-0.65209764 |
details, prediction |
Bibox Token
BIX
|
-0.619185 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)