Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.707125 |
details, prediction |
Bitcoin
BTC
|
0.6302373 |
details, prediction |
TRON
TRX
|
0.616122 |
details, prediction |
Fantom
FTM
|
0.58676064 |
details, prediction |
Binance Coin
BNB
|
0.5861596 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.6196262 |
details, prediction |
Horizen
ZEN
|
0.5836361 |
details, prediction |
FTX Token
FTT
|
0.5833214 |
details, prediction |
Basic Attention Token
BAT
|
0.577788 |
details, prediction |
Loopring
LRC
|
0.575339 |
details, prediction |
Third tier
|
NAGA
NGC
|
0.8501124 |
details, prediction |
V Systems
VSYS
|
0.82375705 |
details, prediction |
LockChain
LOC
|
0.81933606 |
details, prediction |
NKN
NKN
|
0.80496424 |
details, prediction |
BABB
BAX
|
0.71969134 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CryptoPing 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 CryptoPing
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
-0.5502925 |
details, prediction |
Chiliz
CHZ
|
-0.517876 |
details, prediction |
Cosmos
ATOM
|
-0.46038392 |
details, prediction |
XRP
XRP
|
-0.25765446 |
details, prediction |
USD//Coin
USDC
|
-0.18252356 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.3155027 |
details, prediction |
Nexo
NEXO
|
-0.28228587 |
details, prediction |
True USD
TUSD
|
-0.14258483 |
details, prediction |
Polymath Network
POLY
|
-0.13953634 |
details, prediction |
Loom Network
LOOM
|
-0.110700764 |
details, prediction |
Third tier
|
PutinCoin
PUTIN
|
-0.7033603 |
details, prediction |
CPChain
CPC
|
-0.68165904 |
details, prediction |
SpaceChain
SPC
|
-0.5649367 |
details, prediction |
Neblio
NEBL
|
-0.49888015 |
details, prediction |
Achain
ACT
|
-0.49468225 |
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)