Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.7860625 |
details, prediction |
Theta
THETA
|
0.7802358 |
details, prediction |
Chiliz
CHZ
|
0.69648206 |
details, prediction |
Bitcoin
BTC
|
0.67051303 |
details, prediction |
IOTA
IOT
|
0.37320706 |
details, prediction |
Second tier
|
AMO Coin
AMO
|
0.8991972 |
details, prediction |
BORA
BORA
|
0.8692522 |
details, prediction |
Metadium
META
|
0.86434305 |
details, prediction |
Polymath Network
POLY
|
0.83975834 |
details, prediction |
Loom Network
LOOM
|
0.80313045 |
details, prediction |
Third tier
|
Sentinel Protocol
UPP
|
0.9474649 |
details, prediction |
ZelCash
ZEL
|
0.94140214 |
details, prediction |
Electroneum
ETN
|
0.9171902 |
details, prediction |
Refereum
RFR
|
0.9127922 |
details, prediction |
SelfKey
KEY
|
0.8995713 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Pundi X 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 Pundi X
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
-0.1548186 |
details, prediction |
Dogecoin
DOGE
|
-0.07493097 |
details, prediction |
Bitcoin Cash
BCH
|
-0.06654451 |
details, prediction |
Ethereum Classic
ETC
|
-0.052047946 |
details, prediction |
Stellar
XLM
|
-0.044489153 |
details, prediction |
Second tier
|
Loopring
LRC
|
-0.4710125 |
details, prediction |
Synthetix Network Token
SNX
|
-0.41940793 |
details, prediction |
EthLend
LEND
|
-0.2907996 |
details, prediction |
NEM
XEM
|
-0.2274193 |
details, prediction |
HedgeTrade
HEDG
|
-0.1757935 |
details, prediction |
Third tier
|
Bitbook Gambling
BXK
|
-0.7163729 |
details, prediction |
Infinite Coin
IFC
|
-0.68714446 |
details, prediction |
GlitzKoin
GTN
|
-0.6362961 |
details, prediction |
ILCoin
ILC
|
-0.6142622 |
details, prediction |
SpaceChain
SPC
|
-0.5961291 |
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)