Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.79456586 |
details, prediction |
IOTA
IOT
|
0.7687032 |
details, prediction |
SONM
SNM
|
0.7381865 |
details, prediction |
Stellar
XLM
|
0.73585916 |
details, prediction |
Cardano
ADA
|
0.7305518 |
details, prediction |
Second tier
|
QTUM
QTUM
|
0.8092505 |
details, prediction |
OmiseGo
OMG
|
0.80269766 |
details, prediction |
Request Network
REQ
|
0.7857889 |
details, prediction |
Cortex
CTXC
|
0.7838669 |
details, prediction |
Ontology
ONT
|
0.76886624 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.96529347 |
details, prediction |
PCHAIN
PAI
|
0.9198497 |
details, prediction |
Populous
PPT
|
0.868147 |
details, prediction |
SIX
SIX
|
0.85186106 |
details, prediction |
FLASH coin
FLASH
|
0.83935595 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Nexium 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 Nexium
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.43965843 |
details, prediction |
TRON
TRX
|
0.27494812 |
details, prediction |
Theta
THETA
|
0.40098506 |
details, prediction |
Tezos
XTZ
|
0.45198977 |
details, prediction |
Bitcoin SV
BSV
|
0.48602337 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.69748473 |
details, prediction |
True USD
TUSD
|
-0.46867064 |
details, prediction |
Paxos Standard
PAX
|
-0.4543755 |
details, prediction |
Dent
DENT
|
-0.40866297 |
details, prediction |
XYO Network
XYO
|
-0.3056264 |
details, prediction |
Third tier
|
WeAreSatoshi
WSX
|
-0.9063235 |
details, prediction |
Dreamscape
DSC
|
-0.7240961 |
details, prediction |
GoldCoin
GLD
|
-0.67147315 |
details, prediction |
FantomCoin
FCN
|
-0.6274869 |
details, prediction |
42 Coin
42
|
-0.6173791 |
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)