Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.92725384 |
details, prediction |
Ethereum
ETH
|
0.9182641 |
details, prediction |
XRP
XRP
|
0.8996452 |
details, prediction |
Litecoin
LTC
|
0.8686471 |
details, prediction |
TRON
TRX
|
0.86600524 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.91482997 |
details, prediction |
Siacoin
SC
|
0.9018276 |
details, prediction |
FirstBlood
1ST
|
0.8934187 |
details, prediction |
QTUM
QTUM
|
0.893219 |
details, prediction |
Huobi Token
HT
|
0.8884719 |
details, prediction |
|
Third tier
|
Sentinel Protocol
UPP
|
0.9453118 |
details, prediction |
Game
GTC
|
0.9429404 |
details, prediction |
Spectre.ai Dividend Token
SXDT
|
0.94143134 |
details, prediction |
ReddCoin
RDD
|
0.9377761 |
details, prediction |
Melon
MLN
|
0.93644756 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Sether 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 Sether
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.100142024 |
details, prediction |
Bitcoin
BTC
|
0.2566917 |
details, prediction |
Stellar
XLM
|
0.30792212 |
details, prediction |
Ethereum Classic
ETC
|
0.4399247 |
details, prediction |
Dogecoin
DOGE
|
0.48855123 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.20107305 |
details, prediction |
Vechain
VET
|
-0.05137843 |
details, prediction |
Dai
DAI
|
-0.04855017 |
details, prediction |
DigiByte
DGB
|
0.1485987 |
details, prediction |
HoloToken
HOT
|
0.23047794 |
details, prediction |
|
Third tier
|
Metaverse
ETP
|
-0.8944621 |
details, prediction |
Docademic
MTC
|
-0.5856721 |
details, prediction |
Zilbercoin
ZBC
|
-0.5853065 |
details, prediction |
ODEM
ODEM
|
-0.4548363 |
details, prediction |
Neumarks
NEU
|
-0.4477746 |
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)