Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.73162436 |
details, prediction |
Cosmos
ATOM
|
0.7237938 |
details, prediction |
Decentraland
MANA
|
0.6984933 |
details, prediction |
Matic Network
MATIC
|
0.6333425 |
details, prediction |
IOTA
IOT
|
0.6100333 |
details, prediction |
Second tier
|
MonaCoin
MONA
|
0.71713406 |
details, prediction |
Elastos
ELA
|
0.69880253 |
details, prediction |
Bitcoin Diamond
BCD
|
0.6848186 |
details, prediction |
WhiteCoin
XWC
|
0.65133476 |
details, prediction |
Aragon
ANT
|
0.6504895 |
details, prediction |
Third tier
|
Bread
BRD
|
0.8779663 |
details, prediction |
Hive
HVN
|
0.8118074 |
details, prediction |
RubyCoin
RBY
|
0.8009235 |
details, prediction |
Medicalchain
MTN
|
0.7950839 |
details, prediction |
indaHash
IDH
|
0.78417397 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gulden 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 Gulden
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.60073286 |
details, prediction |
Monero
XMR
|
-0.35221812 |
details, prediction |
ZCash
ZEC
|
0.012979948 |
details, prediction |
Ethereum Classic
ETC
|
0.099803254 |
details, prediction |
Vechain
VET
|
0.17953391 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.48847 |
details, prediction |
USD//Coin
USDC
|
-0.43917364 |
details, prediction |
Paxos Standard
PAX
|
-0.42530817 |
details, prediction |
EthLend
LEND
|
-0.3922661 |
details, prediction |
GXShares
GXS
|
-0.3872091 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.78223 |
details, prediction |
FeatherCoin
FTC
|
-0.6679017 |
details, prediction |
Faceter
FACE
|
-0.663647 |
details, prediction |
Seele
SEELE
|
-0.65767884 |
details, prediction |
Envion
EVN
|
-0.65633315 |
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)