Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.74878424 |
details, prediction |
Ethereum
ETH
|
0.68254924 |
details, prediction |
Bitcoin
BTC
|
0.677444 |
details, prediction |
Monero
XMR
|
0.6475451 |
details, prediction |
Litecoin
LTC
|
0.6425847 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.645976 |
details, prediction |
Huobi Token
HT
|
0.6425259 |
details, prediction |
BitTorrent
BTT
|
0.629277 |
details, prediction |
Horizen
ZEN
|
0.5932565 |
details, prediction |
IOTA
IOT
|
0.59161335 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.8894017 |
details, prediction |
CryptoPay
CPAY
|
0.76376957 |
details, prediction |
DAPS Token
DAPS
|
0.7574607 |
details, prediction |
GoldCoin
GLD
|
0.7176971 |
details, prediction |
Aurora Chain
AOA
|
0.7143575 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Shivom 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 Shivom
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
-0.4250446 |
details, prediction |
KuCoin Shares
KCS
|
-0.008439781 |
details, prediction |
SONM
SNM
|
0.3042945 |
details, prediction |
Maker
MKR
|
0.32038102 |
details, prediction |
Dogecoin
DOGE
|
0.3985255 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
-0.5400898 |
details, prediction |
SwissBorg
CHSB
|
-0.42813098 |
details, prediction |
OriginTrail
TRAC
|
-0.31091735 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.26456988 |
details, prediction |
Theta Fuel
TFUEL
|
-0.20754057 |
details, prediction |
|
Third tier
|
DopeCoin
DOPE
|
-0.76160854 |
details, prediction |
CounterParty
XCP
|
-0.7554476 |
details, prediction |
Xriba
XRA
|
-0.70054907 |
details, prediction |
Blockport
BPT
|
-0.61676645 |
details, prediction |
Circuits of Value
COVAL
|
-0.6144793 |
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)