Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9634409 |
details, prediction |
Cardano
ADA
|
0.96215093 |
details, prediction |
Bitcoin Cash
BCH
|
0.95090276 |
details, prediction |
XRP
XRP
|
0.95062435 |
details, prediction |
Ethereum
ETH
|
0.9459886 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9772528 |
details, prediction |
Ravencoin
RVN
|
0.97290486 |
details, prediction |
NEO
NEO
|
0.969128 |
details, prediction |
Waves
WAVES
|
0.96846014 |
details, prediction |
Vechain
VET
|
0.9662993 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.97645116 |
details, prediction |
Internet of Services
IOST
|
0.97483 |
details, prediction |
Gas
GAS
|
0.97216254 |
details, prediction |
Steem
STEEM
|
0.9719076 |
details, prediction |
ARK
ARK
|
0.9705597 |
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
|
-0.62498784 |
details, prediction |
ZCash
ZEC
|
-0.07926143 |
details, prediction |
TRON
TRX
|
0.03089703 |
details, prediction |
Binance Coin
BNB
|
0.6291225 |
details, prediction |
Monero
XMR
|
0.66161084 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7951413 |
details, prediction |
Dai
DAI
|
-0.703565 |
details, prediction |
True USD
TUSD
|
-0.5773589 |
details, prediction |
Telcoin
TEL
|
-0.2259186 |
details, prediction |
OriginTrail
TRAC
|
0.01350958 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.41093078 |
details, prediction |
FunFair
FUN
|
-0.29607412 |
details, prediction |
Matrix AI Network
MAN
|
-0.14520983 |
details, prediction |
V Systems
VSYS
|
-0.056136817 |
details, prediction |
Chronobank
TIME
|
-0.01380638 |
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)