Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.66331017 |
details, prediction |
Fantom
FTM
|
0.48471707 |
details, prediction |
Dogecoin
DOGE
|
0.44363075 |
details, prediction |
Litecoin
LTC
|
0.41163805 |
details, prediction |
Maker
MKR
|
0.3841797 |
details, prediction |
Second tier
|
Bitcoin Gold
BTG
|
0.47938174 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.46974322 |
details, prediction |
GXShares
GXS
|
0.46818817 |
details, prediction |
Siacoin
SC
|
0.45193332 |
details, prediction |
Nexo
NEXO
|
0.45098346 |
details, prediction |
Third tier
|
Tycoon Global
TCT
|
0.66477287 |
details, prediction |
Cryptonex
CNX
|
0.6076709 |
details, prediction |
Smartlands
SLT
|
0.60195196 |
details, prediction |
Electroneum
ETN
|
0.5875471 |
details, prediction |
Fusion
FSN
|
0.58108675 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Autonio 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 Autonio
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.020505305 |
details, prediction |
Theta
THETA
|
0.025647767 |
details, prediction |
KuCoin Shares
KCS
|
0.09712317 |
details, prediction |
Bitcoin
BTC
|
0.098427735 |
details, prediction |
ChainLink
LINK
|
0.11494372 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
-0.325353 |
details, prediction |
Telcoin
TEL
|
-0.25545216 |
details, prediction |
Synthetix Network Token
SNX
|
-0.20594949 |
details, prediction |
Huobi Token
HT
|
-0.17899922 |
details, prediction |
SwissBorg
CHSB
|
-0.1251955 |
details, prediction |
Third tier
|
Bitbook Gambling
BXK
|
-0.64860314 |
details, prediction |
SIX
SIX
|
-0.641493 |
details, prediction |
Vitae
VITAE
|
-0.5494493 |
details, prediction |
Envion
EVN
|
-0.53612816 |
details, prediction |
AICHAIN
AIT
|
-0.48019132 |
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)