Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.8209798 |
details, prediction |
ChainLink
LINK
|
0.7785476 |
details, prediction |
Monero
XMR
|
0.7783567 |
details, prediction |
Litecoin
LTC
|
0.7766026 |
details, prediction |
Ethereum Classic
ETC
|
0.7428114 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.81708735 |
details, prediction |
MonaCoin
MONA
|
0.8111142 |
details, prediction |
DASH
DASH
|
0.80831784 |
details, prediction |
NEO
NEO
|
0.80214083 |
details, prediction |
QTUM
QTUM
|
0.79693645 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.964623 |
details, prediction |
FedoraCoin
TIPS
|
0.9221229 |
details, prediction |
MOAC
MOAC
|
0.9139108 |
details, prediction |
Loyalcoin
LYL
|
0.90160364 |
details, prediction |
Bitcoin Green
BITG
|
0.8944746 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Rupee 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 Rupee
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.18118517 |
details, prediction |
SONM
SNM
|
0.4064998 |
details, prediction |
TRON
TRX
|
0.44755578 |
details, prediction |
Ethereum
ETH
|
0.5532812 |
details, prediction |
ZCash
ZEC
|
0.5547453 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.3444239 |
details, prediction |
True USD
TUSD
|
-0.07220862 |
details, prediction |
Decred
DCR
|
-0.041496426 |
details, prediction |
Theta
THETA
|
-0.0015107287 |
details, prediction |
Dai
DAI
|
0.14656624 |
details, prediction |
|
Third tier
|
Docademic
MTC
|
-0.7095058 |
details, prediction |
WeAreSatoshi
WSX
|
-0.49285927 |
details, prediction |
Bibox Token
BIX
|
-0.41506606 |
details, prediction |
StakeNet
XSN
|
-0.35642287 |
details, prediction |
Zilbercoin
ZBC
|
-0.3450738 |
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)