Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.81589675 |
details, prediction |
Stellar
XLM
|
0.75283676 |
details, prediction |
Matic Network
MATIC
|
0.7151371 |
details, prediction |
Cardano
ADA
|
0.58391774 |
details, prediction |
Bitcoin Cash
BCH
|
0.45136574 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.87955946 |
details, prediction |
Digix DAO
DGD
|
0.85797715 |
details, prediction |
Theta Fuel
TFUEL
|
0.8342511 |
details, prediction |
Nano
NANO
|
0.8237514 |
details, prediction |
Horizen
ZEN
|
0.8179371 |
details, prediction |
|
Third tier
|
True Flip Lottery
TFL
|
0.8901271 |
details, prediction |
BlackCoin
BLK
|
0.8891298 |
details, prediction |
ZClassic
ZCL
|
0.8630225 |
details, prediction |
StealthCoin
XST
|
0.86274004 |
details, prediction |
NAGA
NGC
|
0.86182415 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Oxycoin 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 Oxycoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.6080589 |
details, prediction |
KuCoin Shares
KCS
|
-0.4822548 |
details, prediction |
Bitcoin
BTC
|
-0.4108259 |
details, prediction |
Crypto.com Chain
CRO
|
-0.3222231 |
details, prediction |
Fantom
FTM
|
-0.2789383 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
-0.7517842 |
details, prediction |
Huobi Token
HT
|
-0.5698113 |
details, prediction |
Nexo
NEXO
|
-0.51981443 |
details, prediction |
MonaCoin
MONA
|
-0.31262314 |
details, prediction |
QTUM
QTUM
|
-0.31022128 |
details, prediction |
|
Third tier
|
Distributed Credit Chain
DCC
|
-0.9116652 |
details, prediction |
DopeCoin
DOPE
|
-0.905302 |
details, prediction |
CounterParty
XCP
|
-0.8480441 |
details, prediction |
Incent
INCNT
|
-0.76903546 |
details, prediction |
Seele
SEELE
|
-0.76611537 |
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)