Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.953009 |
details, prediction |
Ethereum Classic
ETC
|
0.9402752 |
details, prediction |
XRP
XRP
|
0.9379678 |
details, prediction |
Cardano
ADA
|
0.92994845 |
details, prediction |
Bitcoin Cash
BCH
|
0.91555756 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9792709 |
details, prediction |
Ravencoin
RVN
|
0.9714677 |
details, prediction |
Verge
XVG
|
0.96705866 |
details, prediction |
Waves
WAVES
|
0.96639377 |
details, prediction |
iEx.ec
RLC
|
0.9653855 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.98148674 |
details, prediction |
Civic
CVC
|
0.97930056 |
details, prediction |
Lisk
LSK
|
0.9757299 |
details, prediction |
SwftCoin
SWFTC
|
0.97494334 |
details, prediction |
Steem
STEEM
|
0.9744147 |
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
|
Stellar
XLM
|
-0.4526378 |
details, prediction |
TRON
TRX
|
0.07650914 |
details, prediction |
ZCash
ZEC
|
0.11427662 |
details, prediction |
Monero
XMR
|
0.72267216 |
details, prediction |
Ethereum
ETH
|
0.75575846 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8971919 |
details, prediction |
Dai
DAI
|
-0.82602024 |
details, prediction |
True USD
TUSD
|
-0.6866917 |
details, prediction |
DigiByte
DGB
|
0.3639073 |
details, prediction |
OriginTrail
TRAC
|
0.42550722 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.31925213 |
details, prediction |
V Systems
VSYS
|
-0.22286032 |
details, prediction |
Matrix AI Network
MAN
|
-0.21414253 |
details, prediction |
Phantasma
SOUL
|
-0.08160649 |
details, prediction |
NKN
NKN
|
0.2926529 |
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)