Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.8603695 |
details, prediction |
Stellar
XLM
|
0.82011795 |
details, prediction |
SONM
SNM
|
0.7777258 |
details, prediction |
Fantom
FTM
|
0.5552991 |
details, prediction |
KuCoin Shares
KCS
|
0.5008569 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.8442994 |
details, prediction |
Decentraland
MANA
|
0.840933 |
details, prediction |
Paxos Standard
PAX
|
0.74477667 |
details, prediction |
Siacoin
SC
|
0.73287046 |
details, prediction |
Decred
DCR
|
0.7319372 |
details, prediction |
|
Third tier
|
WeAreSatoshi
WSX
|
0.97172683 |
details, prediction |
DeepBrain Chain
DBC
|
0.96863055 |
details, prediction |
BOX Token
BOX
|
0.9683941 |
details, prediction |
Wowbit
WWB
|
0.9657494 |
details, prediction |
Peerplays
PPY
|
0.9502938 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SharesChain 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 SharesChain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.69876534 |
details, prediction |
Binance Coin
BNB
|
-0.54773796 |
details, prediction |
Maker
MKR
|
-0.5160025 |
details, prediction |
ChainLink
LINK
|
-0.50440824 |
details, prediction |
Litecoin
LTC
|
-0.48915818 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.71245337 |
details, prediction |
Quant Network
QNT
|
-0.52554566 |
details, prediction |
HoloToken
HOT
|
-0.48047093 |
details, prediction |
EOS
EOS
|
-0.3775309 |
details, prediction |
Theta
THETA
|
-0.30996388 |
details, prediction |
|
Third tier
|
Unobtanium
UNO
|
-0.7276809 |
details, prediction |
Eternal token
XET
|
-0.72199553 |
details, prediction |
Envion
EVN
|
-0.70217276 |
details, prediction |
Waves Community Token
WCT
|
-0.7010113 |
details, prediction |
DAOstack
GEN
|
-0.6599822 |
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)