Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Huobi Token
HT
|
0.86068255 |
details, prediction |
Bitcoin Cash
BCH
|
0.8585036 |
details, prediction |
Bitcoin
BTC
|
0.8479322 |
details, prediction |
KuCoin Shares
KCS
|
0.82275504 |
details, prediction |
Ethereum
ETH
|
0.813737 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.9245796 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.9073712 |
details, prediction |
Digix DAO
DGD
|
0.902985 |
details, prediction |
Bancor
BNT
|
0.8995506 |
details, prediction |
FunFair
FUN
|
0.89187825 |
details, prediction |
Third tier
|
DeepBrain Chain
DBC
|
0.9376676 |
details, prediction |
HEROcoin
PLAY
|
0.92221576 |
details, prediction |
DOVU
DOVU
|
0.91877425 |
details, prediction |
Xaurum
XAUR
|
0.91597134 |
details, prediction |
Linker Coin
LNC
|
0.91384226 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NAGA 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 NAGA
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.22221087 |
details, prediction |
Ethereum Classic
ETC
|
0.2729381 |
details, prediction |
Bitcoin SV
BSV
|
0.2920948 |
details, prediction |
Matic Network
MATIC
|
0.396253 |
details, prediction |
Theta
THETA
|
0.53792375 |
details, prediction |
Second tier
|
MaidSafe Coin
MAID
|
0.056678303 |
details, prediction |
EthLend
LEND
|
0.07553369 |
details, prediction |
Paxos Standard
PAX
|
0.080433846 |
details, prediction |
Storj
STORJ
|
0.09757709 |
details, prediction |
Metadium
META
|
0.16605768 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.7781018 |
details, prediction |
Gemini Dollar
GUSD
|
-0.77594566 |
details, prediction |
Time New Bank
TNB
|
-0.56430787 |
details, prediction |
AventCoin
AVT
|
-0.5398951 |
details, prediction |
Crown Coin
CRW
|
-0.4622626 |
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)