Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.941459 |
details, prediction |
DASH
DASH
|
0.92633903 |
details, prediction |
Ethereum Classic
ETC
|
0.92391074 |
details, prediction |
IOTA
IOT
|
0.9113806 |
details, prediction |
TRON
TRX
|
0.90359676 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.9498311 |
details, prediction |
Lisk
LSK
|
0.9365335 |
details, prediction |
QTUM
QTUM
|
0.9260574 |
details, prediction |
Steem
STEEM
|
0.91070855 |
details, prediction |
Ravencoin
RVN
|
0.9083178 |
details, prediction |
Third tier
|
0chain
ZCN
|
0.9200492 |
details, prediction |
Wanchain
WAN
|
0.915565 |
details, prediction |
Einsteinium
EMC2
|
0.9141406 |
details, prediction |
SysCoin
SYS
|
0.90859497 |
details, prediction |
Blockport
BPT
|
0.8989214 |
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
|
Crypto.com Chain
CRO
|
-0.65092814 |
details, prediction |
Huobi Token
HT
|
-0.19863793 |
details, prediction |
Theta
THETA
|
0.21555933 |
details, prediction |
NEO
NEO
|
0.33344546 |
details, prediction |
Maker
MKR
|
0.33776197 |
details, prediction |
Second tier
|
Centrality
CENNZ
|
-0.5973332 |
details, prediction |
CyberVein
CVT
|
-0.499559 |
details, prediction |
KuCoin Shares
KCS
|
-0.48645929 |
details, prediction |
HedgeTrade
HEDG
|
-0.43894827 |
details, prediction |
GlitzKoin
GTN
|
-0.23728685 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.941461 |
details, prediction |
Libra Credit
LBA
|
-0.7816442 |
details, prediction |
FlorinCoin
FLO
|
-0.7453068 |
details, prediction |
Kcash
KCASH
|
-0.74443245 |
details, prediction |
Wings DAO
WINGS
|
-0.72780186 |
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)