Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.4078204 |
details, prediction |
EOS
EOS
|
0.16762303 |
details, prediction |
Waves
WAVES
|
0.15873693 |
details, prediction |
OmiseGo
OMG
|
0.05943555 |
details, prediction |
Bitcoin SV
BSV
|
0.055325817 |
details, prediction |
Second tier
|
DxChain
DX
|
0.79782224 |
details, prediction |
GlitzKoin
GTN
|
0.51396555 |
details, prediction |
Centrality
CENNZ
|
0.3978438 |
details, prediction |
Dai
DAI
|
0.34581956 |
details, prediction |
True USD
TUSD
|
0.25360152 |
details, prediction |
Third tier
|
Change
CAG
|
0.8628425 |
details, prediction |
EchoLink
EKO
|
0.8061311 |
details, prediction |
Waves Community Token
WCT
|
0.76451904 |
details, prediction |
AI Doctor
AIDOC
|
0.7531077 |
details, prediction |
B2B
B2B
|
0.7285711 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Seele 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 Seele
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
-0.5120262 |
details, prediction |
Maker
MKR
|
-0.4373668 |
details, prediction |
Theta
THETA
|
-0.4211779 |
details, prediction |
Bitcoin
BTC
|
-0.41622755 |
details, prediction |
Enjin Coin
ENJ
|
-0.36118045 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.7021755 |
details, prediction |
MaidSafe Coin
MAID
|
-0.5722147 |
details, prediction |
FunFair
FUN
|
-0.507729 |
details, prediction |
Digix DAO
DGD
|
-0.48659807 |
details, prediction |
Synthetix Network Token
SNX
|
-0.48637104 |
details, prediction |
Third tier
|
Upfiring
UFR
|
-0.77957314 |
details, prediction |
Nimiq
NET
|
-0.74910754 |
details, prediction |
Universa
UTNP
|
-0.7243971 |
details, prediction |
Gifto
GTO
|
-0.6748501 |
details, prediction |
Polybius
PLBT
|
-0.6743306 |
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)