Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
0.4865473 |
details, prediction |
UNUS SED LEO
LEO
|
0.4808746 |
details, prediction |
SONM
SNM
|
0.3374454 |
details, prediction |
Cardano
ADA
|
0.12599443 |
details, prediction |
Stellar
XLM
|
0.120530985 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
0.6422699 |
details, prediction |
iEx.ec
RLC
|
0.62906384 |
details, prediction |
AMO Coin
AMO
|
0.6119539 |
details, prediction |
OriginTrail
TRAC
|
0.5603035 |
details, prediction |
SwissBorg
CHSB
|
0.48741445 |
details, prediction |
|
Third tier
|
DeviantCoin
DEV
|
0.85180426 |
details, prediction |
SyncFab
MFG
|
0.7299132 |
details, prediction |
Eternal token
XET
|
0.6968017 |
details, prediction |
SIX
SIX
|
0.6572976 |
details, prediction |
Agoras Token
AGRS
|
0.6165284 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Snovio 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 Snovio
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.5032312 |
details, prediction |
KuCoin Shares
KCS
|
-0.47359166 |
details, prediction |
ChainLink
LINK
|
-0.46271288 |
details, prediction |
Fantom
FTM
|
-0.4416261 |
details, prediction |
Binance Coin
BNB
|
-0.3943703 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.62690693 |
details, prediction |
Theta
THETA
|
-0.4663727 |
details, prediction |
Bitcoin SV
BSV
|
-0.447854 |
details, prediction |
Nexo
NEXO
|
-0.4229909 |
details, prediction |
Quant Network
QNT
|
-0.4151262 |
details, prediction |
|
Third tier
|
Vitae
VITAE
|
-0.8619518 |
details, prediction |
Distributed Credit Chain
DCC
|
-0.7756425 |
details, prediction |
Energi
NRG
|
-0.58115274 |
details, prediction |
V Systems
VSYS
|
-0.5663213 |
details, prediction |
ShortyCoin
SHORTY
|
-0.5432065 |
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)