Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.64467293 |
details, prediction |
Decentraland
MANA
|
0.64235485 |
details, prediction |
IOTA
IOT
|
0.6361049 |
details, prediction |
UNUS SED LEO
LEO
|
0.60291004 |
details, prediction |
Cosmos
ATOM
|
0.59566617 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.62726325 |
details, prediction |
Stox
STX
|
0.6117087 |
details, prediction |
IoTeX
IOTX
|
0.5963625 |
details, prediction |
Algorand
ALGO
|
0.59179807 |
details, prediction |
Quant Network
QNT
|
0.58267 |
details, prediction |
Third tier
|
Revain
R
|
0.7820895 |
details, prediction |
United Traders Token
UTT
|
0.7200359 |
details, prediction |
Curecoin
CURE
|
0.7055061 |
details, prediction |
Populous
PPT
|
0.6916452 |
details, prediction |
CargoX
CXO
|
0.688275 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QASH 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 QASH
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.35725203 |
details, prediction |
Monero
XMR
|
-0.20217972 |
details, prediction |
Dogecoin
DOGE
|
0.1414059 |
details, prediction |
KuCoin Shares
KCS
|
0.27405873 |
details, prediction |
Nexo
NEXO
|
0.27464366 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.4981753 |
details, prediction |
Dai
DAI
|
-0.49116796 |
details, prediction |
GXShares
GXS
|
-0.4675641 |
details, prediction |
Paxos Standard
PAX
|
-0.45247877 |
details, prediction |
True USD
TUSD
|
-0.339526 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.6567041 |
details, prediction |
FeatherCoin
FTC
|
-0.63786644 |
details, prediction |
Faceter
FACE
|
-0.61468965 |
details, prediction |
Envion
EVN
|
-0.5863399 |
details, prediction |
aXpire
AXPR
|
-0.5651979 |
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)