Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.8416491 |
details, prediction |
SONM
SNM
|
0.7950641 |
details, prediction |
Stellar
XLM
|
0.75385875 |
details, prediction |
Maker
MKR
|
0.7485992 |
details, prediction |
Litecoin
LTC
|
0.747751 |
details, prediction |
|
Second tier
|
Loopring
LRC
|
0.7926105 |
details, prediction |
Zilliqa
ZIL
|
0.7901147 |
details, prediction |
Basic Attention Token
BAT
|
0.78202736 |
details, prediction |
Nano
NANO
|
0.7791642 |
details, prediction |
Metadium
META
|
0.7761236 |
details, prediction |
|
Third tier
|
Smartlands
SLT
|
0.86759526 |
details, prediction |
GXChain
GXC
|
0.8300154 |
details, prediction |
IoTeX
IOTX
|
0.8220249 |
details, prediction |
SysCoin
SYS
|
0.81408966 |
details, prediction |
Unobtanium
UNO
|
0.8091806 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that RightMesh 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 RightMesh
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.21712177 |
details, prediction |
ChainLink
LINK
|
0.09836481 |
details, prediction |
KuCoin Shares
KCS
|
0.23437393 |
details, prediction |
Monero
XMR
|
0.59159255 |
details, prediction |
Dogecoin
DOGE
|
0.5937761 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
-0.7364455 |
details, prediction |
FirstBlood
1ST
|
-0.67880887 |
details, prediction |
Huobi Token
HT
|
-0.46786278 |
details, prediction |
Synthetix Network Token
SNX
|
-0.3460016 |
details, prediction |
SwissBorg
CHSB
|
-0.2559234 |
details, prediction |
|
Third tier
|
BipCoin
BIP
|
-0.8308105 |
details, prediction |
Digix Gold Token
DGX
|
-0.78485435 |
details, prediction |
Envion
EVN
|
-0.78148663 |
details, prediction |
Seele
SEELE
|
-0.7295827 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.72931284 |
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)