Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.78671265 |
details, prediction |
Maker
MKR
|
0.6191573 |
details, prediction |
SONM
SNM
|
0.45722026 |
details, prediction |
TRON
TRX
|
0.3675068 |
details, prediction |
Theta
THETA
|
0.031332918 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.96509457 |
details, prediction |
Ravencoin
RVN
|
0.94674593 |
details, prediction |
iEx.ec
RLC
|
0.8958717 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.88939834 |
details, prediction |
Propy
PRO
|
0.847969 |
details, prediction |
Third tier
|
Tycoon Global
TCT
|
0.9541097 |
details, prediction |
Bezant
BZNT
|
0.9346407 |
details, prediction |
Veritaseum
VERI
|
0.92005736 |
details, prediction |
Chainium
CHX
|
0.91508853 |
details, prediction |
Dynamic Trading Rights
DTR
|
0.90203863 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Oyster Shell 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 Oyster Shell
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.9158471 |
details, prediction |
Vechain
VET
|
-0.7738738 |
details, prediction |
IOTA
IOT
|
-0.7463147 |
details, prediction |
Ethereum Classic
ETC
|
-0.7417526 |
details, prediction |
Litecoin
LTC
|
-0.67136014 |
details, prediction |
Second tier
|
Stox
STX
|
-0.82314426 |
details, prediction |
DASH
DASH
|
-0.7887235 |
details, prediction |
Lisk
LSK
|
-0.73651826 |
details, prediction |
DigiByte
DGB
|
-0.70147634 |
details, prediction |
Horizen
ZEN
|
-0.69910926 |
details, prediction |
Third tier
|
GoldCoin
GLD
|
-0.88616925 |
details, prediction |
E-Gulden
EFL
|
-0.8702476 |
details, prediction |
DeviantCoin
DEV
|
-0.85748893 |
details, prediction |
Blue Whale
BWX
|
-0.85736424 |
details, prediction |
BitKan
KAN
|
-0.8543868 |
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)