Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.42808437 |
details, prediction |
Monero
XMR
|
0.37355682 |
details, prediction |
Ethereum
ETH
|
0.32257438 |
details, prediction |
KuCoin Shares
KCS
|
0.31623736 |
details, prediction |
Binance Coin
BNB
|
0.3161363 |
details, prediction |
Second tier
|
Propy
PRO
|
0.65649015 |
details, prediction |
Huobi Token
HT
|
0.5039984 |
details, prediction |
Steem
STEEM
|
0.4842485 |
details, prediction |
Kyber Network
KNC
|
0.44090062 |
details, prediction |
0x
ZRX
|
0.41080567 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.87000066 |
details, prediction |
DxChain
DX
|
0.66973346 |
details, prediction |
Quantstamp
QSP
|
0.65531015 |
details, prediction |
Haven Protocol
XHV
|
0.57191646 |
details, prediction |
Constellation
DAG
|
0.57014954 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Starbase 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 Starbase
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.13933295 |
details, prediction |
Maker
MKR
|
-0.12515554 |
details, prediction |
IOTA
IOT
|
0.002637751 |
details, prediction |
Fantom
FTM
|
0.005755785 |
details, prediction |
USD//Coin
USDC
|
0.022642931 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.31872392 |
details, prediction |
Quant Network
QNT
|
-0.30704436 |
details, prediction |
MonaCoin
MONA
|
-0.2741893 |
details, prediction |
True USD
TUSD
|
-0.22103295 |
details, prediction |
GXShares
GXS
|
-0.20875567 |
details, prediction |
Third tier
|
WAX
WAX
|
-0.7970232 |
details, prediction |
Gemini Dollar
GUSD
|
-0.4886496 |
details, prediction |
StealthCoin
XST
|
-0.45014456 |
details, prediction |
Factom
FCT
|
-0.43683374 |
details, prediction |
Polybius
PLBT
|
-0.43610877 |
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)