Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.4020814 |
details, prediction |
USD//Coin
USDC
|
0.38854718 |
details, prediction |
Fantom
FTM
|
0.2680933 |
details, prediction |
SONM
SNM
|
0.25615358 |
details, prediction |
Matic Network
MATIC
|
0.20724837 |
details, prediction |
Second tier
|
True USD
TUSD
|
0.49199468 |
details, prediction |
MonaCoin
MONA
|
0.42069438 |
details, prediction |
Dai
DAI
|
0.3328997 |
details, prediction |
SwissBorg
CHSB
|
0.28996104 |
details, prediction |
Aragon
ANT
|
0.22767952 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.6968478 |
details, prediction |
Gemini Dollar
GUSD
|
0.6040832 |
details, prediction |
OKCash
OK
|
0.5308941 |
details, prediction |
Gulden
NLG
|
0.5249922 |
details, prediction |
Aurora Coin
AUR
|
0.49696338 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Smartshare 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 Smartshare
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.3828936 |
details, prediction |
Ethereum
ETH
|
-0.29837942 |
details, prediction |
Monero
XMR
|
-0.29593843 |
details, prediction |
EOS
EOS
|
-0.24788067 |
details, prediction |
Ethereum Classic
ETC
|
-0.24721912 |
details, prediction |
Second tier
|
0x
ZRX
|
-0.41967818 |
details, prediction |
Steem
STEEM
|
-0.39104104 |
details, prediction |
Zilliqa
ZIL
|
-0.34147418 |
details, prediction |
Nexo
NEXO
|
-0.329989 |
details, prediction |
Synthetix Network Token
SNX
|
-0.32747507 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
-0.43408 |
details, prediction |
0chain
ZCN
|
-0.430262 |
details, prediction |
Linker Coin
LNC
|
-0.42654946 |
details, prediction |
CyberMiles
CMT
|
-0.4117548 |
details, prediction |
Lympo
LYM
|
-0.37634346 |
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)