Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Chiliz
CHZ
|
0.75212985 |
details, prediction |
Maker
MKR
|
0.6871388 |
details, prediction |
Fantom
FTM
|
0.6819507 |
details, prediction |
USD//Coin
USDC
|
0.62941945 |
details, prediction |
SONM
SNM
|
0.5164326 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
0.7947268 |
details, prediction |
Metadium
META
|
0.78751236 |
details, prediction |
Quant Network
QNT
|
0.7733993 |
details, prediction |
HoloToken
HOT
|
0.76690596 |
details, prediction |
True USD
TUSD
|
0.71822715 |
details, prediction |
Third tier
|
Wowbit
WWB
|
0.8988454 |
details, prediction |
Omnitude
ECOM
|
0.8650749 |
details, prediction |
Peerplays
PPY
|
0.85867816 |
details, prediction |
Zilbercoin
ZBC
|
0.8478335 |
details, prediction |
Vitae
VITAE
|
0.84063363 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Savedroid 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 Savedroid
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.5036362 |
details, prediction |
Bitcoin SV
BSV
|
-0.48120266 |
details, prediction |
Ethereum Classic
ETC
|
-0.42879227 |
details, prediction |
Cosmos
ATOM
|
-0.42184418 |
details, prediction |
Theta
THETA
|
-0.39462933 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.716876 |
details, prediction |
FTX Token
FTT
|
-0.71578807 |
details, prediction |
Digix DAO
DGD
|
-0.64986426 |
details, prediction |
Kyber Network
KNC
|
-0.63343835 |
details, prediction |
Horizen
ZEN
|
-0.6181721 |
details, prediction |
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.79536694 |
details, prediction |
GoChain
GO
|
-0.70025706 |
details, prediction |
Cryptonex
CNX
|
-0.6496665 |
details, prediction |
TE-FOOD
TFD
|
-0.61381656 |
details, prediction |
Peculium
PCL
|
-0.60146475 |
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)