Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.656201 |
details, prediction |
Cardano
ADA
|
0.6441401 |
details, prediction |
Fantom
FTM
|
0.5679672 |
details, prediction |
UNUS SED LEO
LEO
|
0.48943844 |
details, prediction |
Ethereum
ETH
|
0.48665792 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.65615016 |
details, prediction |
EOS
EOS
|
0.6448463 |
details, prediction |
Decentraland
MANA
|
0.6271588 |
details, prediction |
Waves
WAVES
|
0.61517066 |
details, prediction |
DigiByte
DGB
|
0.6002897 |
details, prediction |
|
Third tier
|
Solve.Care
SOLVE
|
0.7560642 |
details, prediction |
Xriba
XRA
|
0.7520547 |
details, prediction |
Seele
SEELE
|
0.68155795 |
details, prediction |
Kyber Network
KNC
|
0.6592513 |
details, prediction |
Stox
STX
|
0.6568794 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that RuffChain 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 RuffChain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.61583835 |
details, prediction |
Maker
MKR
|
-0.5536044 |
details, prediction |
Stellar
XLM
|
-0.37924382 |
details, prediction |
Dogecoin
DOGE
|
-0.34498426 |
details, prediction |
TRON
TRX
|
-0.18498597 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.5296374 |
details, prediction |
USD//Coin
USDC
|
-0.46295547 |
details, prediction |
True USD
TUSD
|
-0.45870215 |
details, prediction |
Dai
DAI
|
-0.4398725 |
details, prediction |
SwissBorg
CHSB
|
-0.43653265 |
details, prediction |
|
Third tier
|
Presearch
PRE
|
-0.73528737 |
details, prediction |
Neblio
NEBL
|
-0.5975327 |
details, prediction |
ShortyCoin
SHORTY
|
-0.5802708 |
details, prediction |
VertCoin
VTC
|
-0.57588184 |
details, prediction |
Nimiq
NET
|
-0.5382306 |
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)