Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.95742583 |
details, prediction |
TRON
TRX
|
0.93888927 |
details, prediction |
Maker
MKR
|
0.9190202 |
details, prediction |
Stellar
XLM
|
0.9178208 |
details, prediction |
Litecoin
LTC
|
0.90621877 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
0.952793 |
details, prediction |
HoloToken
HOT
|
0.9497326 |
details, prediction |
OriginTrail
TRAC
|
0.94147444 |
details, prediction |
Metadium
META
|
0.9410105 |
details, prediction |
Zilliqa
ZIL
|
0.94086915 |
details, prediction |
|
Third tier
|
AidCoin
AID
|
0.9587797 |
details, prediction |
FedoraCoin
TIPS
|
0.9543967 |
details, prediction |
Santiment
SAN
|
0.9500908 |
details, prediction |
MonetaryUnit
MUE
|
0.9499555 |
details, prediction |
Cajutel
CAJ
|
0.9490846 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Storiqa 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 Storiqa
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.19625805 |
details, prediction |
Bitcoin
BTC
|
0.5952493 |
details, prediction |
Ethereum Classic
ETC
|
0.60428303 |
details, prediction |
Matic Network
MATIC
|
0.6163041 |
details, prediction |
Monero
XMR
|
0.71197885 |
details, prediction |
|
Second tier
|
FirstBlood
1ST
|
-0.67080647 |
details, prediction |
HedgeTrade
HEDG
|
-0.6265428 |
details, prediction |
SwissBorg
CHSB
|
-0.46056777 |
details, prediction |
Synthetix Network Token
SNX
|
-0.40820196 |
details, prediction |
FTX Token
FTT
|
-0.16405277 |
details, prediction |
|
Third tier
|
Winchain
WIN
|
-0.95600605 |
details, prediction |
The Hempcoin
THC
|
-0.77769244 |
details, prediction |
BipCoin
BIP
|
-0.7618377 |
details, prediction |
Envion
EVN
|
-0.717023 |
details, prediction |
Hubiit
HBT
|
-0.71398014 |
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)