Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.830585 |
details, prediction |
Dogecoin
DOGE
|
0.8263588 |
details, prediction |
XRP
XRP
|
0.7861384 |
details, prediction |
Stellar
XLM
|
0.7447139 |
details, prediction |
Binance Coin
BNB
|
0.73291755 |
details, prediction |
|
Second tier
|
Metadium
META
|
0.9050686 |
details, prediction |
HoloToken
HOT
|
0.8806204 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.8597576 |
details, prediction |
Status
SNT
|
0.8561393 |
details, prediction |
Theta Fuel
TFUEL
|
0.85454464 |
details, prediction |
|
Third tier
|
Zilbercoin
ZBC
|
0.9318996 |
details, prediction |
TokenCard
TKN
|
0.93172324 |
details, prediction |
Wowbit
WWB
|
0.9251792 |
details, prediction |
Bread
BRD
|
0.920194 |
details, prediction |
Newton
NEW
|
0.9053209 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Optimal Shelf Availability Token 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 Optimal Shelf Availability Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
-0.27005452 |
details, prediction |
Matic Network
MATIC
|
-0.18126547 |
details, prediction |
Crypto.com Chain
CRO
|
-0.07795122 |
details, prediction |
ZCash
ZEC
|
0.054262053 |
details, prediction |
Bitcoin Cash
BCH
|
0.13964087 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.85614526 |
details, prediction |
HedgeTrade
HEDG
|
-0.75878817 |
details, prediction |
Digix DAO
DGD
|
-0.7440684 |
details, prediction |
Tezos
XTZ
|
-0.7398271 |
details, prediction |
Horizen
ZEN
|
-0.6764903 |
details, prediction |
|
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.8232467 |
details, prediction |
Blockport
BPT
|
-0.8090389 |
details, prediction |
TE-FOOD
TFD
|
-0.75309604 |
details, prediction |
Unibright
UBT
|
-0.74842244 |
details, prediction |
Enjin Coin
ENJ
|
-0.7144635 |
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)