Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.64914656 |
details, prediction |
XRP
XRP
|
0.59561867 |
details, prediction |
Matic Network
MATIC
|
0.5838188 |
details, prediction |
Fantom
FTM
|
0.5801544 |
details, prediction |
IOTA
IOT
|
0.5717826 |
details, prediction |
Second tier
|
Decentraland
MANA
|
0.65148586 |
details, prediction |
MonaCoin
MONA
|
0.6170151 |
details, prediction |
Aragon
ANT
|
0.55845815 |
details, prediction |
Stox
STX
|
0.5577973 |
details, prediction |
FTX Token
FTT
|
0.54222924 |
details, prediction |
Third tier
|
Particl
PART
|
0.7718721 |
details, prediction |
NAGA
NGC
|
0.764744 |
details, prediction |
SALT
SALT
|
0.7470576 |
details, prediction |
AeonCoin
AEON
|
0.7408512 |
details, prediction |
RubyCoin
RBY
|
0.7258519 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Robotina 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 Robotina
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.6389268 |
details, prediction |
USD//Coin
USDC
|
-0.24503224 |
details, prediction |
Monero
XMR
|
-0.14300513 |
details, prediction |
KuCoin Shares
KCS
|
0.13376743 |
details, prediction |
Dogecoin
DOGE
|
0.2437283 |
details, prediction |
Second tier
|
BitTorrent
BTT
|
-0.3765919 |
details, prediction |
GXShares
GXS
|
-0.3286699 |
details, prediction |
Paxos Standard
PAX
|
-0.23953158 |
details, prediction |
Dai
DAI
|
-0.23604938 |
details, prediction |
Metal
MTL
|
-0.15580368 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.67985314 |
details, prediction |
Envion
EVN
|
-0.5922396 |
details, prediction |
Seele
SEELE
|
-0.59036964 |
details, prediction |
Haven Protocol
XHV
|
-0.49556524 |
details, prediction |
ILCoin
ILC
|
-0.46869782 |
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)