Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.6073368 |
details, prediction |
KuCoin Shares
KCS
|
0.08201543 |
details, prediction |
Matic Network
MATIC
|
0.040853634 |
details, prediction |
Cosmos
ATOM
|
0.02224 |
details, prediction |
Maker
MKR
|
-0.010642535 |
details, prediction |
Second tier
|
Dai
DAI
|
0.59852344 |
details, prediction |
Paxos Standard
PAX
|
0.57449067 |
details, prediction |
True USD
TUSD
|
0.5675895 |
details, prediction |
SwissBorg
CHSB
|
0.3599418 |
details, prediction |
Kyber Network
KNC
|
0.22042963 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
0.7771895 |
details, prediction |
Synereo
AMP
|
0.73349506 |
details, prediction |
Omnitude
ECOM
|
0.7282149 |
details, prediction |
CUBE
AUTO
|
0.6450467 |
details, prediction |
STASIS EURS
EURS
|
0.6130276 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Quasarcoin 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 Quasarcoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.21660388 |
details, prediction |
Bitcoin SV
BSV
|
-0.19531195 |
details, prediction |
Binance Coin
BNB
|
-0.19405606 |
details, prediction |
TRON
TRX
|
-0.18755677 |
details, prediction |
XRP
XRP
|
-0.18449926 |
details, prediction |
Second tier
|
Enjin Coin
ENJ
|
-0.29087225 |
details, prediction |
Status
SNT
|
-0.26528394 |
details, prediction |
AMO Coin
AMO
|
-0.2621575 |
details, prediction |
Metal
MTL
|
-0.2262317 |
details, prediction |
DASH
DASH
|
-0.21653512 |
details, prediction |
Third tier
|
Yggdrash
YEED
|
-0.61071473 |
details, prediction |
Vitae
VITAE
|
-0.5371383 |
details, prediction |
ZClassic
ZCL
|
-0.445448 |
details, prediction |
Unobtanium
UNO
|
-0.38550678 |
details, prediction |
ALISmedia
ALIS
|
-0.29571384 |
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)