Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.75963145 |
details, prediction |
Bitcoin
BTC
|
0.75627464 |
details, prediction |
Stellar
XLM
|
0.7549836 |
details, prediction |
ZCash
ZEC
|
0.7524823 |
details, prediction |
Monero
XMR
|
0.7431883 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.75004005 |
details, prediction |
MonaCoin
MONA
|
0.7487082 |
details, prediction |
Bitcoin Gold
BTG
|
0.74687976 |
details, prediction |
QTUM
QTUM
|
0.7464997 |
details, prediction |
Status
SNT
|
0.74421453 |
details, prediction |
|
Third tier
|
Asia Coin
AC
|
0.9452517 |
details, prediction |
Tidex Token
TDX
|
0.8683334 |
details, prediction |
Adshares
ADST
|
0.7734791 |
details, prediction |
Cardstack
CARD
|
0.7554551 |
details, prediction |
OAX
OAX
|
0.7538749 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Signals Network 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 Signals Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.5646023 |
details, prediction |
Dogecoin
DOGE
|
0.58212507 |
details, prediction |
ChainLink
LINK
|
0.59948385 |
details, prediction |
Fantom
FTM
|
0.69644505 |
details, prediction |
Litecoin
LTC
|
0.7133778 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.25084382 |
details, prediction |
Waves
WAVES
|
-0.24380253 |
details, prediction |
Dai
DAI
|
-0.18757081 |
details, prediction |
True USD
TUSD
|
-0.13535659 |
details, prediction |
USD//Coin
USDC
|
-0.09740006 |
details, prediction |
|
Third tier
|
Factom
FCT
|
-0.59588534 |
details, prediction |
CWV Chain
CWV
|
-0.48030746 |
details, prediction |
Chainium
CHX
|
-0.4161313 |
details, prediction |
AMLT Token
AMLT
|
-0.39058912 |
details, prediction |
Envion
EVN
|
-0.378957 |
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)