Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
FTX Token
FTT
|
0.89251393 |
details, prediction |
Decentraland
MANA
|
0.88143694 |
details, prediction |
Cosmos
ATOM
|
0.8779865 |
details, prediction |
Bitcoin Cash
BCH
|
0.86161345 |
details, prediction |
IOTA
IOT
|
0.8539487 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.89422196 |
details, prediction |
ZCash
ZEC
|
0.8865083 |
details, prediction |
NEM
XEM
|
0.88027906 |
details, prediction |
DigiByte
DGB
|
0.87762433 |
details, prediction |
Constellation
DAG
|
0.87553555 |
details, prediction |
Third tier
|
Quantstamp
QSP
|
0.878187 |
details, prediction |
PIVX
PIVX
|
0.8774878 |
details, prediction |
Solve.Care
SOLVE
|
0.8742609 |
details, prediction |
FlorinCoin
FLO
|
0.86962044 |
details, prediction |
Numerai
NMR
|
0.86574537 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Quant Network 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 Quant Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.5527602 |
details, prediction |
KuCoin Shares
KCS
|
0.5460023 |
details, prediction |
Maker
MKR
|
0.5709607 |
details, prediction |
Monero
XMR
|
0.59606266 |
details, prediction |
UNUS SED LEO
LEO
|
0.7050916 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.56939524 |
details, prediction |
USD//Coin
USDC
|
-0.5099345 |
details, prediction |
Dai
DAI
|
-0.50544864 |
details, prediction |
Paxos Standard
PAX
|
-0.37823397 |
details, prediction |
Centrality
CENNZ
|
-0.20603654 |
details, prediction |
Third tier
|
ILCoin
ILC
|
-0.6661925 |
details, prediction |
Time New Bank
TNB
|
-0.6575386 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6035841 |
details, prediction |
SunContract
SNC
|
-0.51871204 |
details, prediction |
CargoX
CXO
|
-0.514087 |
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)