Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.12869893 |
details, prediction |
Matic Network
MATIC
|
0.074847125 |
details, prediction |
Theta
THETA
|
0.016702702 |
details, prediction |
SONM
SNM
|
-0.14457072 |
details, prediction |
USD//Coin
USDC
|
-0.16820066 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.782472 |
details, prediction |
Steem
STEEM
|
0.6611887 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.6183665 |
details, prediction |
Theta Fuel
TFUEL
|
0.6162764 |
details, prediction |
Waves
WAVES
|
0.5304101 |
details, prediction |
Third tier
|
CUBE
AUTO
|
0.90736586 |
details, prediction |
LockChain
LOC
|
0.89091444 |
details, prediction |
DubaiCoin
DBIX
|
0.8850633 |
details, prediction |
Prizm
PZM
|
0.8593149 |
details, prediction |
FLASH coin
FLASH
|
0.85777515 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SRCOIN 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 SRCOIN
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.83956677 |
details, prediction |
Bitcoin Cash
BCH
|
-0.81183845 |
details, prediction |
Bitcoin
BTC
|
-0.8024555 |
details, prediction |
Binance Coin
BNB
|
-0.78485185 |
details, prediction |
Monero
XMR
|
-0.77475125 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
-0.8538638 |
details, prediction |
Decred
DCR
|
-0.7960996 |
details, prediction |
Basic Attention Token
BAT
|
-0.7922356 |
details, prediction |
Bitcoin Gold
BTG
|
-0.76595557 |
details, prediction |
DASH
DASH
|
-0.76576424 |
details, prediction |
Third tier
|
VestChain
VEST
|
-0.8950679 |
details, prediction |
WeAreSatoshi
WSX
|
-0.88622063 |
details, prediction |
FantomCoin
FCN
|
-0.8711906 |
details, prediction |
Tycoon Global
TCT
|
-0.8671446 |
details, prediction |
Spectre
XSPEC
|
-0.8474145 |
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)