Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.83833313 |
details, prediction |
EOS
EOS
|
0.8333641 |
details, prediction |
UNUS SED LEO
LEO
|
0.8323856 |
details, prediction |
Ethereum Classic
ETC
|
0.77392554 |
details, prediction |
NEO
NEO
|
0.7485543 |
details, prediction |
Second tier
|
Decentraland
MANA
|
0.8862942 |
details, prediction |
Stox
STX
|
0.88037723 |
details, prediction |
Storj
STORJ
|
0.87589204 |
details, prediction |
Enjin Coin
ENJ
|
0.87030554 |
details, prediction |
Metal
MTL
|
0.85355735 |
details, prediction |
Third tier
|
Energi
NRG
|
0.9846184 |
details, prediction |
Aurora Chain
AOA
|
0.9811056 |
details, prediction |
Tidex Token
TDX
|
0.96903867 |
details, prediction |
GoChain
GO
|
0.942906 |
details, prediction |
Seele
SEELE
|
0.9080437 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NewYorkCoin 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 NewYorkCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.9321451 |
details, prediction |
XRP
XRP
|
-0.83726484 |
details, prediction |
Stellar
XLM
|
-0.6692373 |
details, prediction |
USD//Coin
USDC
|
-0.5974668 |
details, prediction |
SONM
SNM
|
-0.4948811 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
-0.65738964 |
details, prediction |
Algorand
ALGO
|
-0.6503578 |
details, prediction |
Dai
DAI
|
-0.59784174 |
details, prediction |
True USD
TUSD
|
-0.5971724 |
details, prediction |
SysCoin
SYS
|
-0.594625 |
details, prediction |
Third tier
|
Neblio
NEBL
|
-0.8885935 |
details, prediction |
OAX
OAX
|
-0.8739923 |
details, prediction |
Switcheo Network
SWH
|
-0.8726972 |
details, prediction |
Gemini Dollar
GUSD
|
-0.8408902 |
details, prediction |
Mobius
MOBI
|
-0.82957065 |
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)