Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.54664224 |
details, prediction |
Maker
MKR
|
0.4993408 |
details, prediction |
SONM
SNM
|
0.4800829 |
details, prediction |
IOTA
IOT
|
0.4782241 |
details, prediction |
Chiliz
CHZ
|
0.46983385 |
details, prediction |
Second tier
|
Decred
DCR
|
0.61933714 |
details, prediction |
Polymath Network
POLY
|
0.5717136 |
details, prediction |
Lisk
LSK
|
0.5663354 |
details, prediction |
MonaCoin
MONA
|
0.5602509 |
details, prediction |
Quant Network
QNT
|
0.55166686 |
details, prediction |
Third tier
|
Omnitude
ECOM
|
0.90532273 |
details, prediction |
DubaiCoin
DBIX
|
0.83096486 |
details, prediction |
HEROcoin
PLAY
|
0.80684656 |
details, prediction |
Everus
EVR
|
0.74431896 |
details, prediction |
Dether
DTH
|
0.7184432 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Qbao 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 Qbao
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
-0.21050647 |
details, prediction |
XRP
XRP
|
-0.1845008 |
details, prediction |
KuCoin Shares
KCS
|
-0.018122735 |
details, prediction |
Ethereum Classic
ETC
|
0.047991395 |
details, prediction |
EOS
EOS
|
0.081209406 |
details, prediction |
Second tier
|
BORA
BORA
|
-0.10914156 |
details, prediction |
Telcoin
TEL
|
-0.08438638 |
details, prediction |
Bitcoin Gold
BTG
|
-0.07225156 |
details, prediction |
Metadium
META
|
-0.019802166 |
details, prediction |
DigiByte
DGB
|
0.032784037 |
details, prediction |
Third tier
|
SolarCoin
SLR
|
-0.648744 |
details, prediction |
Uquid Coin
UQC
|
-0.6111502 |
details, prediction |
ThoreCoin
THR
|
-0.6021217 |
details, prediction |
Hydro
HYDRO
|
-0.5772676 |
details, prediction |
Peerplays
PPY
|
-0.56778955 |
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)