Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.9680483 |
details, prediction |
Ethereum
ETH
|
0.95425683 |
details, prediction |
Bitcoin Cash
BCH
|
0.9540124 |
details, prediction |
Bitcoin
BTC
|
0.9429495 |
details, prediction |
Dogecoin
DOGE
|
0.9395869 |
details, prediction |
Second tier
|
ARK
ARK
|
0.9677083 |
details, prediction |
Verge
XVG
|
0.9521041 |
details, prediction |
Loom Network
LOOM
|
0.951563 |
details, prediction |
Siacoin
SC
|
0.9500952 |
details, prediction |
Ardor
ARDR
|
0.950072 |
details, prediction |
Third tier
|
Gas
GAS
|
0.96474427 |
details, prediction |
Neblio
NEBL
|
0.9533651 |
details, prediction |
BnkToTheFuture
BFT
|
0.95082444 |
details, prediction |
Refereum
RFR
|
0.9488591 |
details, prediction |
Ambrosus
AMB
|
0.94804484 |
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
|
TRON
TRX
|
-0.277707 |
details, prediction |
UNUS SED LEO
LEO
|
0.76168007 |
details, prediction |
Monero
XMR
|
0.8386185 |
details, prediction |
Decentraland
MANA
|
0.865588 |
details, prediction |
Cardano
ADA
|
0.8756559 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.46019626 |
details, prediction |
USD//Coin
USDC
|
-0.4275717 |
details, prediction |
Dai
DAI
|
-0.38194695 |
details, prediction |
EthLend
LEND
|
-0.37505522 |
details, prediction |
Paxos Standard
PAX
|
-0.3078145 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.7802643 |
details, prediction |
Time New Bank
TNB
|
-0.7330795 |
details, prediction |
Seele
SEELE
|
-0.6674204 |
details, prediction |
Envion
EVN
|
-0.6308603 |
details, prediction |
THEKEY
TKY
|
-0.61234826 |
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)