Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.4251114 |
details, prediction |
TRON
TRX
|
0.24070768 |
details, prediction |
Monero
XMR
|
0.066027336 |
details, prediction |
KuCoin Shares
KCS
|
0.05939771 |
details, prediction |
Maker
MKR
|
-0.033828806 |
details, prediction |
Second tier
|
Dai
DAI
|
0.49104586 |
details, prediction |
True USD
TUSD
|
0.43946874 |
details, prediction |
Paxos Standard
PAX
|
0.35622576 |
details, prediction |
Digix DAO
DGD
|
0.19000743 |
details, prediction |
SwissBorg
CHSB
|
0.1393865 |
details, prediction |
Third tier
|
IOCoin
IOC
|
0.9579825 |
details, prediction |
Energi
NRG
|
0.7989213 |
details, prediction |
SibCoin
SIB
|
0.69737613 |
details, prediction |
Neumarks
NEU
|
0.6888818 |
details, prediction |
SunContract
SNC
|
0.62447584 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Swarm 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 Swarm
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.24799795 |
details, prediction |
Bitcoin SV
BSV
|
-0.19057453 |
details, prediction |
Theta
THETA
|
-0.18022017 |
details, prediction |
ChainLink
LINK
|
-0.173985 |
details, prediction |
Cardano
ADA
|
-0.16198151 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.29656506 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.21151966 |
details, prediction |
Waves
WAVES
|
-0.17133588 |
details, prediction |
Dent
DENT
|
-0.16856895 |
details, prediction |
Theta Fuel
TFUEL
|
-0.16685827 |
details, prediction |
Third tier
|
ReddCoin
RDD
|
-0.3934834 |
details, prediction |
Nimiq
NET
|
-0.39182237 |
details, prediction |
Lamden Tau
TAU
|
-0.3832979 |
details, prediction |
LBRY Credits
LBC
|
-0.37280834 |
details, prediction |
Particl
PART
|
-0.3667945 |
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)