Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.8950517 |
details, prediction |
EOS
EOS
|
0.8675931 |
details, prediction |
Litecoin
LTC
|
0.85399854 |
details, prediction |
Crypto.com Chain
CRO
|
0.84550214 |
details, prediction |
Matic Network
MATIC
|
0.8454525 |
details, prediction |
Second tier
|
Constellation
DAG
|
0.90779954 |
details, prediction |
0x
ZRX
|
0.90204066 |
details, prediction |
Decred
DCR
|
0.88957256 |
details, prediction |
Kyber Network
KNC
|
0.8827144 |
details, prediction |
Ardor
ARDR
|
0.87332237 |
details, prediction |
Third tier
|
ArcBlock
ABT
|
0.9427241 |
details, prediction |
SmartMesh
SMT
|
0.9054096 |
details, prediction |
BABB
BAX
|
0.9043511 |
details, prediction |
Hydro
HYDRO
|
0.8985556 |
details, prediction |
Moeda
MDA
|
0.89416367 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SwftCoin 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 SwftCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.40935513 |
details, prediction |
KuCoin Shares
KCS
|
0.68112046 |
details, prediction |
Maker
MKR
|
0.7178929 |
details, prediction |
UNUS SED LEO
LEO
|
0.74321 |
details, prediction |
Ethereum Classic
ETC
|
0.74633104 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.55024606 |
details, prediction |
USD//Coin
USDC
|
-0.46793026 |
details, prediction |
Dai
DAI
|
-0.44430047 |
details, prediction |
Paxos Standard
PAX
|
-0.42243147 |
details, prediction |
EthLend
LEND
|
-0.31825206 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.7536692 |
details, prediction |
ILCoin
ILC
|
-0.7304203 |
details, prediction |
Gemini Dollar
GUSD
|
-0.72277325 |
details, prediction |
DigiCube
CUBE
|
-0.5220323 |
details, prediction |
OKCash
OK
|
-0.5011496 |
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)