Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.66328055 |
details, prediction |
SONM
SNM
|
0.63705766 |
details, prediction |
Tezos
XTZ
|
0.6334091 |
details, prediction |
EOS
EOS
|
0.6298363 |
details, prediction |
Matic Network
MATIC
|
0.570672 |
details, prediction |
Second tier
|
Nano
NANO
|
0.7756462 |
details, prediction |
Theta Fuel
TFUEL
|
0.7572726 |
details, prediction |
iEx.ec
RLC
|
0.73016727 |
details, prediction |
Digix DAO
DGD
|
0.72963643 |
details, prediction |
SysCoin
SYS
|
0.7242665 |
details, prediction |
Third tier
|
Credit Tag Chain
CTC
|
0.8536788 |
details, prediction |
DubaiCoin
DBIX
|
0.85188055 |
details, prediction |
Linkey
LKY
|
0.8442557 |
details, prediction |
Waves Community Token
WCT
|
0.83183235 |
details, prediction |
Zilbercoin
ZBC
|
0.81198317 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Soarcoin 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 Soarcoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.61701334 |
details, prediction |
Bitcoin
BTC
|
-0.54140157 |
details, prediction |
KuCoin Shares
KCS
|
-0.44897467 |
details, prediction |
USD//Coin
USDC
|
-0.09432236 |
details, prediction |
UNUS SED LEO
LEO
|
-0.013636691 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.6422714 |
details, prediction |
Huobi Token
HT
|
-0.54854906 |
details, prediction |
Republic protocol
REN
|
-0.5424654 |
details, prediction |
FirstBlood
1ST
|
-0.422752 |
details, prediction |
MonaCoin
MONA
|
-0.13317001 |
details, prediction |
Third tier
|
SafeExchangeCoin
SAFEX
|
-0.8272029 |
details, prediction |
Crypterium
CRPT
|
-0.6733329 |
details, prediction |
Digix Gold Token
DGX
|
-0.6729673 |
details, prediction |
Lambda
LAMB
|
-0.66286993 |
details, prediction |
NameCoin
NMC
|
-0.6492062 |
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)