Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8706595 |
details, prediction |
KuCoin Shares
KCS
|
0.8640822 |
details, prediction |
ZCash
ZEC
|
0.8523368 |
details, prediction |
Cardano
ADA
|
0.841251 |
details, prediction |
Ethereum Classic
ETC
|
0.8292343 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.9720162 |
details, prediction |
Siacoin
SC
|
0.9465556 |
details, prediction |
Status
SNT
|
0.94639295 |
details, prediction |
QTUM
QTUM
|
0.94182914 |
details, prediction |
Theta Fuel
TFUEL
|
0.9314206 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.95057356 |
details, prediction |
ICON
ICX
|
0.94814193 |
details, prediction |
SwftCoin
SWFTC
|
0.9420037 |
details, prediction |
Power Ledger
POWR
|
0.9391224 |
details, prediction |
Internet of Services
IOST
|
0.9363239 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ravencoin 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 Ravencoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.41293177 |
details, prediction |
UNUS SED LEO
LEO
|
0.014345418 |
details, prediction |
Binance Coin
BNB
|
0.45417228 |
details, prediction |
Ethereum
ETH
|
0.66893196 |
details, prediction |
Bitcoin
BTC
|
0.67304635 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5075287 |
details, prediction |
Dai
DAI
|
-0.23784502 |
details, prediction |
True USD
TUSD
|
0.24123447 |
details, prediction |
Verge
XVG
|
0.39992088 |
details, prediction |
Nexo
NEXO
|
0.45450062 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.29907528 |
details, prediction |
BABB
BAX
|
0.010239259 |
details, prediction |
Propy
PRO
|
0.11098729 |
details, prediction |
HEROcoin
PLAY
|
0.23203225 |
details, prediction |
Constellation
DAG
|
0.34580338 |
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)