Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.98622096 |
details, prediction |
Matic Network
MATIC
|
0.98460674 |
details, prediction |
Bitcoin Cash
BCH
|
0.98080456 |
details, prediction |
Crypto.com Chain
CRO
|
0.9798226 |
details, prediction |
XRP
XRP
|
0.97784716 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.98303 |
details, prediction |
NEM
XEM
|
0.9825544 |
details, prediction |
ICON
ICX
|
0.9780935 |
details, prediction |
Theta Fuel
TFUEL
|
0.9779772 |
details, prediction |
DASH
DASH
|
0.97548264 |
details, prediction |
Third tier
|
Skrumble Network
SKM
|
0.98516816 |
details, prediction |
Wanchain
WAN
|
0.98425794 |
details, prediction |
Komodo
KMD
|
0.9810479 |
details, prediction |
Ambrosus
AMB
|
0.97983944 |
details, prediction |
Nxt
NXT
|
0.9770954 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QLINK 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 QLINK
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.44591373 |
details, prediction |
Monero
XMR
|
0.71271557 |
details, prediction |
KuCoin Shares
KCS
|
0.8027876 |
details, prediction |
UNUS SED LEO
LEO
|
0.8761286 |
details, prediction |
Ethereum Classic
ETC
|
0.9081577 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.58926064 |
details, prediction |
USD//Coin
USDC
|
-0.5694077 |
details, prediction |
Dai
DAI
|
-0.5145663 |
details, prediction |
Paxos Standard
PAX
|
-0.47124052 |
details, prediction |
EthLend
LEND
|
-0.35706186 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8863782 |
details, prediction |
ILCoin
ILC
|
-0.7199469 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7164248 |
details, prediction |
Seele
SEELE
|
-0.5812379 |
details, prediction |
FeatherCoin
FTC
|
-0.5711666 |
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)