Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
0.6314741 |
details, prediction |
Dogecoin
DOGE
|
0.39578044 |
details, prediction |
SONM
SNM
|
0.2093204 |
details, prediction |
Maker
MKR
|
0.1711026 |
details, prediction |
Ethereum Classic
ETC
|
0.05248369 |
details, prediction |
|
Second tier
|
BORA
BORA
|
0.54968214 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.41906995 |
details, prediction |
HedgeTrade
HEDG
|
0.29861104 |
details, prediction |
Theta Fuel
TFUEL
|
0.26792437 |
details, prediction |
Nexo
NEXO
|
0.24307258 |
details, prediction |
|
Third tier
|
ViaCoin
VIA
|
0.9517324 |
details, prediction |
DxChain
DX
|
0.87196004 |
details, prediction |
Skycoin
SKY
|
0.8416973 |
details, prediction |
Sentinel
SENT
|
0.73454005 |
details, prediction |
BitcoinZ
BTCZ
|
0.7328719 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SingularDTV 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 SingularDTV
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
-0.82868934 |
details, prediction |
Crypto.com Chain
CRO
|
-0.6269679 |
details, prediction |
Cardano
ADA
|
-0.59387445 |
details, prediction |
TRON
TRX
|
-0.57115954 |
details, prediction |
Ethereum
ETH
|
-0.43158668 |
details, prediction |
|
Second tier
|
aelf
ELF
|
-0.79800284 |
details, prediction |
Tezos
XTZ
|
-0.7947434 |
details, prediction |
Cosmos
ATOM
|
-0.78326094 |
details, prediction |
Algorand
ALGO
|
-0.7643085 |
details, prediction |
Polymath Network
POLY
|
-0.7521903 |
details, prediction |
|
Third tier
|
Presearch
PRE
|
-0.8321448 |
details, prediction |
NAGA
NGC
|
-0.8075123 |
details, prediction |
Crypviser
CVCOIN
|
-0.8044705 |
details, prediction |
Internet of Services
IOST
|
-0.7829366 |
details, prediction |
CoinDash
CDT
|
-0.76036596 |
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)