Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.93888927 |
details, prediction |
Vechain
VET
|
0.93010193 |
details, prediction |
NEO
NEO
|
0.91998696 |
details, prediction |
Maker
MKR
|
0.9190202 |
details, prediction |
Stellar
XLM
|
0.9178208 |
details, prediction |
Second tier
|
ZCash
ZEC
|
0.95742583 |
details, prediction |
BitTorrent
BTT
|
0.952793 |
details, prediction |
HoloToken
HOT
|
0.9497326 |
details, prediction |
IoTeX
IOTX
|
0.94784975 |
details, prediction |
Steem
STEEM
|
0.9443808 |
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
|
Tezos
XTZ
|
0.09744386 |
details, prediction |
KuCoin Shares
KCS
|
0.19625805 |
details, prediction |
USD//Coin
USDC
|
0.30152455 |
details, prediction |
Theta
THETA
|
0.43616447 |
details, prediction |
Bitcoin
BTC
|
0.5952493 |
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)