Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
0.31163403 |
details, prediction |
Binance Coin
BNB
|
0.27245346 |
details, prediction |
Stellar
XLM
|
0.2621741 |
details, prediction |
Bitcoin Cash
BCH
|
0.2521287 |
details, prediction |
Ethereum
ETH
|
0.14639093 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.5263072 |
details, prediction |
aelf
ELF
|
0.5089233 |
details, prediction |
Theta Fuel
TFUEL
|
0.44228578 |
details, prediction |
Tezos
XTZ
|
0.40755892 |
details, prediction |
HoloToken
HOT
|
0.34865093 |
details, prediction |
|
Third tier
|
Credit Tag Chain
CTC
|
0.8650641 |
details, prediction |
Energi
NRG
|
0.84250367 |
details, prediction |
Vitae
VITAE
|
0.8332049 |
details, prediction |
Gambit coin
GAM
|
0.7250041 |
details, prediction |
uDoo
UDOO
|
0.6221719 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ShareX 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 ShareX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.64386976 |
details, prediction |
KuCoin Shares
KCS
|
-0.20521887 |
details, prediction |
ZCash
ZEC
|
-0.084689245 |
details, prediction |
UNUS SED LEO
LEO
|
-0.02659551 |
details, prediction |
ChainLink
LINK
|
-0.024885131 |
details, prediction |
|
Second tier
|
AMO Coin
AMO
|
-0.40924764 |
details, prediction |
SwissBorg
CHSB
|
-0.27630022 |
details, prediction |
Nexo
NEXO
|
-0.2700417 |
details, prediction |
Cosmos
ATOM
|
-0.20769176 |
details, prediction |
GXShares
GXS
|
-0.18187878 |
details, prediction |
|
Third tier
|
SafeExchangeCoin
SAFEX
|
-0.63094443 |
details, prediction |
Decent.bet
DBET
|
-0.60223216 |
details, prediction |
Circuits of Value
COVAL
|
-0.58477765 |
details, prediction |
CounterParty
XCP
|
-0.55545425 |
details, prediction |
DopeCoin
DOPE
|
-0.53353405 |
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)