Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.88608336 |
details, prediction |
Ethereum
ETH
|
0.8761379 |
details, prediction |
Crypto.com Chain
CRO
|
0.8592116 |
details, prediction |
Bitcoin Cash
BCH
|
0.85774845 |
details, prediction |
Cosmos
ATOM
|
0.8549752 |
details, prediction |
Second tier
|
RSK Infrastructure Framework
RIF
|
0.88869727 |
details, prediction |
Verge
XVG
|
0.8791921 |
details, prediction |
OriginTrail
TRAC
|
0.87897766 |
details, prediction |
Loom Network
LOOM
|
0.8786707 |
details, prediction |
Constellation
DAG
|
0.86546814 |
details, prediction |
Third tier
|
carVertical
CV
|
0.905167 |
details, prediction |
Kleros
PNK
|
0.8990981 |
details, prediction |
Bread
BRD
|
0.8841169 |
details, prediction |
AdEx
ADX
|
0.88114846 |
details, prediction |
Viberate
VIB
|
0.87700605 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that All Sports 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 All Sports
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.22292939 |
details, prediction |
TRON
TRX
|
0.43014959 |
details, prediction |
Bitcoin SV
BSV
|
0.46521568 |
details, prediction |
Ethereum Classic
ETC
|
0.54553 |
details, prediction |
Theta
THETA
|
0.70513207 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.19998555 |
details, prediction |
EthLend
LEND
|
0.121467546 |
details, prediction |
True USD
TUSD
|
0.16800238 |
details, prediction |
Storj
STORJ
|
0.310121 |
details, prediction |
USD//Coin
USDC
|
0.35575122 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.7863632 |
details, prediction |
Gemini Dollar
GUSD
|
-0.76998085 |
details, prediction |
Time New Bank
TNB
|
-0.53477395 |
details, prediction |
DigiCube
CUBE
|
-0.50553995 |
details, prediction |
GlitzKoin
GTN
|
-0.43156958 |
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)