Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.77456856 |
details, prediction |
Dogecoin
DOGE
|
0.7160224 |
details, prediction |
Stellar
XLM
|
0.5842149 |
details, prediction |
XRP
XRP
|
0.51839066 |
details, prediction |
Bitcoin Cash
BCH
|
0.39931333 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.7908932 |
details, prediction |
Verge
XVG
|
0.7898953 |
details, prediction |
Tezos
XTZ
|
0.7667562 |
details, prediction |
Theta Fuel
TFUEL
|
0.74786764 |
details, prediction |
IOTA
IOT
|
0.7430955 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.86950254 |
details, prediction |
Steem
STEEM
|
0.8539111 |
details, prediction |
ARK
ARK
|
0.8533972 |
details, prediction |
Power Ledger
POWR
|
0.8199428 |
details, prediction |
Kyber Network
KNC
|
0.8149399 |
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
|
-0.22758782 |
details, prediction |
Cardano
ADA
|
0.0599533 |
details, prediction |
Monero
XMR
|
0.10478816 |
details, prediction |
Ethereum
ETH
|
0.109602965 |
details, prediction |
ChainLink
LINK
|
0.15759994 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.51231337 |
details, prediction |
DigiByte
DGB
|
-0.31781507 |
details, prediction |
USD//Coin
USDC
|
-0.09755881 |
details, prediction |
True USD
TUSD
|
-0.023749148 |
details, prediction |
Bitcoin SV
BSV
|
-0.021092577 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.5899914 |
details, prediction |
V Systems
VSYS
|
-0.3945795 |
details, prediction |
Matrix AI Network
MAN
|
-0.1621897 |
details, prediction |
Propy
PRO
|
-0.15457979 |
details, prediction |
OPEN Platform
OPEN
|
-0.12106993 |
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)