Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.790476 |
details, prediction |
NEO
NEO
|
0.7508261 |
details, prediction |
Maker
MKR
|
0.7273902 |
details, prediction |
Cardano
ADA
|
0.6871841 |
details, prediction |
USD//Coin
USDC
|
0.6723711 |
details, prediction |
Second tier
|
Decred
DCR
|
0.89674515 |
details, prediction |
Huobi Token
HT
|
0.8657545 |
details, prediction |
Synthetix Network Token
SNX
|
0.8412847 |
details, prediction |
Gas
GAS
|
0.8358841 |
details, prediction |
DigiByte
DGB
|
0.82851297 |
details, prediction |
Third tier
|
Global Social Chain
GSC
|
0.97202075 |
details, prediction |
Game
GTC
|
0.97001654 |
details, prediction |
Populous
PPT
|
0.9677198 |
details, prediction |
Kcash
KCASH
|
0.9428387 |
details, prediction |
Bytom
BTM
|
0.93623304 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that STK 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 STK
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
-0.868437 |
details, prediction |
Cosmos
ATOM
|
-0.7034127 |
details, prediction |
Bitcoin
BTC
|
-0.700825 |
details, prediction |
Tezos
XTZ
|
-0.6234645 |
details, prediction |
Ethereum
ETH
|
-0.5925185 |
details, prediction |
Second tier
|
OmiseGo
OMG
|
-0.8595132 |
details, prediction |
ICON
ICX
|
-0.80524415 |
details, prediction |
Propy
PRO
|
-0.77759945 |
details, prediction |
XYO Network
XYO
|
-0.7002104 |
details, prediction |
Algorand
ALGO
|
-0.6681518 |
details, prediction |
Third tier
|
NAGA
NGC
|
-0.82439184 |
details, prediction |
Rotharium
RTH
|
-0.7971832 |
details, prediction |
Dero
DERO
|
-0.77167976 |
details, prediction |
PolySwarm
NCT
|
-0.7576829 |
details, prediction |
Republic protocol
REN
|
-0.7231561 |
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)