Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.9681919 |
details, prediction |
XRP
XRP
|
0.9565894 |
details, prediction |
Cardano
ADA
|
0.95503795 |
details, prediction |
Litecoin
LTC
|
0.9490259 |
details, prediction |
ChainLink
LINK
|
0.93364716 |
details, prediction |
Second tier
|
Request Network
REQ
|
0.97141916 |
details, prediction |
QTUM
QTUM
|
0.9701312 |
details, prediction |
Metal
MTL
|
0.9690723 |
details, prediction |
Loopring
LRC
|
0.9686626 |
details, prediction |
EthLend
LEND
|
0.96829355 |
details, prediction |
Third tier
|
Iconomi
ICN
|
0.9713714 |
details, prediction |
WaBi
WABI
|
0.97089416 |
details, prediction |
Eidoo
EDO
|
0.97087395 |
details, prediction |
QLINK
QLC
|
0.97078633 |
details, prediction |
Cindicator
CND
|
0.9706564 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Riecoin 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 Riecoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.029400151 |
details, prediction |
Theta
THETA
|
0.21927024 |
details, prediction |
Tezos
XTZ
|
0.3745822 |
details, prediction |
SONM
SNM
|
0.7628932 |
details, prediction |
Ethereum Classic
ETC
|
0.7759204 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.4301851 |
details, prediction |
Dai
DAI
|
-0.03023172 |
details, prediction |
True USD
TUSD
|
0.13676749 |
details, prediction |
Decred
DCR
|
0.37951773 |
details, prediction |
DigiByte
DGB
|
0.4908331 |
details, prediction |
Third tier
|
WeAreSatoshi
WSX
|
-0.77495056 |
details, prediction |
Bitcedi
BXC
|
-0.72881633 |
details, prediction |
ODEM
ODEM
|
-0.69191974 |
details, prediction |
Docademic
MTC
|
-0.6664279 |
details, prediction |
Hydro
HYDRO
|
-0.4416231 |
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)