Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.7347826 |
details, prediction |
Ethereum
ETH
|
0.671878 |
details, prediction |
XRP
XRP
|
0.6207639 |
details, prediction |
ZCash
ZEC
|
0.6132832 |
details, prediction |
Litecoin
LTC
|
0.60621625 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.7839092 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.7767543 |
details, prediction |
DASH
DASH
|
0.7532605 |
details, prediction |
Loopring
LRC
|
0.73122704 |
details, prediction |
Telcoin
TEL
|
0.7232206 |
details, prediction |
|
Third tier
|
Winchain
WIN
|
0.94173926 |
details, prediction |
DAPS Token
DAPS
|
0.9027782 |
details, prediction |
Dynamic Trading Rights
DTR
|
0.88150704 |
details, prediction |
CommerceBlock
CBT
|
0.8258633 |
details, prediction |
FlorinCoin
FLO
|
0.79642344 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Sentinel Chain 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 Sentinel Chain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
-0.7166825 |
details, prediction |
SONM
SNM
|
-0.6595203 |
details, prediction |
Maker
MKR
|
-0.63143766 |
details, prediction |
ChainLink
LINK
|
-0.24149595 |
details, prediction |
Dogecoin
DOGE
|
-0.11619149 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.91289914 |
details, prediction |
Synthetix Network Token
SNX
|
-0.9003901 |
details, prediction |
Horizen
ZEN
|
-0.8832365 |
details, prediction |
FTX Token
FTT
|
-0.86626107 |
details, prediction |
Tezos
XTZ
|
-0.86448145 |
details, prediction |
|
Third tier
|
Seele
SEELE
|
-0.9313109 |
details, prediction |
Blockport
BPT
|
-0.9152602 |
details, prediction |
BABB
BAX
|
-0.9015345 |
details, prediction |
Polis
POLIS
|
-0.89620996 |
details, prediction |
LAToken
LA
|
-0.8658533 |
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)