Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.625659 |
details, prediction |
Ethereum Classic
ETC
|
0.5873866 |
details, prediction |
Bitcoin Cash
BCH
|
0.45169172 |
details, prediction |
KuCoin Shares
KCS
|
0.3530727 |
details, prediction |
XRP
XRP
|
0.34887242 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.8116112 |
details, prediction |
Vechain
VET
|
0.7642658 |
details, prediction |
IOTA
IOT
|
0.7526399 |
details, prediction |
Zilliqa
ZIL
|
0.71858215 |
details, prediction |
Basic Attention Token
BAT
|
0.68700486 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8927053 |
details, prediction |
Power Ledger
POWR
|
0.8453162 |
details, prediction |
Internet of Services
IOST
|
0.814695 |
details, prediction |
Gas
GAS
|
0.7681097 |
details, prediction |
ICON
ICX
|
0.73148113 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QTUM 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 QTUM
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.6531289 |
details, prediction |
TRON
TRX
|
-0.30528814 |
details, prediction |
Stellar
XLM
|
-0.19042006 |
details, prediction |
Ethereum
ETH
|
-0.03512853 |
details, prediction |
Monero
XMR
|
-0.030862214 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.20638832 |
details, prediction |
Dai
DAI
|
-0.19947992 |
details, prediction |
OriginTrail
TRAC
|
-0.08326182 |
details, prediction |
True USD
TUSD
|
-0.08098792 |
details, prediction |
Bitcoin Gold
BTG
|
-0.024489332 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.2872511 |
details, prediction |
V Systems
VSYS
|
-0.21808241 |
details, prediction |
Kambria
KAT
|
-0.20563704 |
details, prediction |
Chronobank
TIME
|
-0.19306463 |
details, prediction |
OPEN Platform
OPEN
|
-0.06112622 |
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)