Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.97523946 |
details, prediction |
XRP
XRP
|
0.9551919 |
details, prediction |
Dogecoin
DOGE
|
0.92572993 |
details, prediction |
Bitcoin Cash
BCH
|
0.90417683 |
details, prediction |
Bitcoin
BTC
|
0.869721 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9803874 |
details, prediction |
Ravencoin
RVN
|
0.96579295 |
details, prediction |
Tezos
XTZ
|
0.9646085 |
details, prediction |
Siacoin
SC
|
0.96069187 |
details, prediction |
Theta Fuel
TFUEL
|
0.9597726 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.96860266 |
details, prediction |
Storj
STORJ
|
0.9682679 |
details, prediction |
Ontology
ONT
|
0.96697974 |
details, prediction |
Gas
GAS
|
0.9659213 |
details, prediction |
Steem
STEEM
|
0.962161 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Status 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 Status
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.17329289 |
details, prediction |
Monero
XMR
|
0.3924447 |
details, prediction |
TRON
TRX
|
0.40289336 |
details, prediction |
ZCash
ZEC
|
0.5247346 |
details, prediction |
Ethereum
ETH
|
0.66433007 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8463445 |
details, prediction |
USD//Coin
USDC
|
-0.6167148 |
details, prediction |
True USD
TUSD
|
-0.07684714 |
details, prediction |
DigiByte
DGB
|
-0.05005783 |
details, prediction |
Bitcoin SV
BSV
|
0.61642355 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.1378175 |
details, prediction |
Achain
ACT
|
-0.04766263 |
details, prediction |
OPEN Platform
OPEN
|
-0.023721864 |
details, prediction |
NKN
NKN
|
0.090591565 |
details, prediction |
V Systems
VSYS
|
0.10051123 |
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)