Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
0.8738964 |
details, prediction |
Vechain
VET
|
0.8711213 |
details, prediction |
Bitcoin
BTC
|
0.86571276 |
details, prediction |
NEO
NEO
|
0.8643805 |
details, prediction |
KuCoin Shares
KCS
|
0.8610921 |
details, prediction |
Second tier
|
Ethos (Bitquence)
BQX
|
0.9014801 |
details, prediction |
Kyber Network
KNC
|
0.8998839 |
details, prediction |
Siacoin
SC
|
0.89749545 |
details, prediction |
SysCoin
SYS
|
0.8943817 |
details, prediction |
ICON
ICX
|
0.89175946 |
details, prediction |
Third tier
|
Publica
PBL
|
0.9164086 |
details, prediction |
BitBay
BAY
|
0.9057866 |
details, prediction |
Genesis Vision
GVT
|
0.9047172 |
details, prediction |
POA Network
POA
|
0.9046502 |
details, prediction |
Quantstamp
QSP
|
0.89949006 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Neutron 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 Neutron
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.058738973 |
details, prediction |
Bitcoin SV
BSV
|
0.29537332 |
details, prediction |
ChainLink
LINK
|
0.51163906 |
details, prediction |
TRON
TRX
|
0.65588725 |
details, prediction |
XRP
XRP
|
0.6865487 |
details, prediction |
Second tier
|
XYO Network
XYO
|
-0.37220773 |
details, prediction |
Dai
DAI
|
-0.28727934 |
details, prediction |
Paxos Standard
PAX
|
-0.24723285 |
details, prediction |
Waves
WAVES
|
-0.2173553 |
details, prediction |
True USD
TUSD
|
-0.115999326 |
details, prediction |
Third tier
|
CWV Chain
CWV
|
-0.75194675 |
details, prediction |
Factom
FCT
|
-0.700551 |
details, prediction |
Chainium
CHX
|
-0.6106728 |
details, prediction |
ODEM
ODEM
|
-0.56284153 |
details, prediction |
BitcoinPlus
XBC
|
-0.55877084 |
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)