Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
EOS
EOS
|
0.942396 |
details, prediction |
Vechain
VET
|
0.9412768 |
details, prediction |
Stellar
XLM
|
0.94110954 |
details, prediction |
Ethereum
ETH
|
0.92678106 |
details, prediction |
Binance Coin
BNB
|
0.9250925 |
details, prediction |
Second tier
|
Dent
DENT
|
0.97137856 |
details, prediction |
iEx.ec
RLC
|
0.9712716 |
details, prediction |
Storj
STORJ
|
0.9581181 |
details, prediction |
Ardor
ARDR
|
0.9576573 |
details, prediction |
Bitshares
BTS
|
0.95728654 |
details, prediction |
Third tier
|
NKN
NKN
|
0.95940983 |
details, prediction |
Mithril
MITH
|
0.95900714 |
details, prediction |
Hydro Protocol
HOT
|
0.95140773 |
details, prediction |
Aion
AION
|
0.94249046 |
details, prediction |
Dock.io
DOCK
|
0.91605294 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Siacoin 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 Siacoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.08530933 |
details, prediction |
Monero
XMR
|
0.37737778 |
details, prediction |
UNUS SED LEO
LEO
|
0.3783775 |
details, prediction |
Waves
WAVES
|
0.4849395 |
details, prediction |
Fantom
FTM
|
0.5847665 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.8346008 |
details, prediction |
Dai
DAI
|
-0.8100726 |
details, prediction |
True USD
TUSD
|
-0.6820275 |
details, prediction |
Paxos Standard
PAX
|
-0.63059336 |
details, prediction |
EthLend
LEND
|
-0.21053857 |
details, prediction |
Third tier
|
Crypviser
CVCOIN
|
-0.7189296 |
details, prediction |
ILCoin
ILC
|
-0.634508 |
details, prediction |
Envion
EVN
|
-0.5992978 |
details, prediction |
B2B
B2B
|
-0.59244984 |
details, prediction |
DigiCube
CUBE
|
-0.53125083 |
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)