Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.6547475 |
details, prediction |
SONM
SNM
|
0.6408882 |
details, prediction |
Fantom
FTM
|
0.6125692 |
details, prediction |
Bitcoin Cash
BCH
|
0.5885108 |
details, prediction |
ZCash
ZEC
|
0.5691795 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.7938234 |
details, prediction |
Metadium
META
|
0.73431 |
details, prediction |
Nexo
NEXO
|
0.69132096 |
details, prediction |
Polymath Network
POLY
|
0.68714845 |
details, prediction |
Ravencoin
RVN
|
0.68354756 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.905737 |
details, prediction |
HEROcoin
PLAY
|
0.7581978 |
details, prediction |
BOX Token
BOX
|
0.7377897 |
details, prediction |
CryptoPay
CPAY
|
0.7322131 |
details, prediction |
NIX
NIX
|
0.73052526 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SexCoin 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 SexCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.24145015 |
details, prediction |
TRON
TRX
|
0.43277958 |
details, prediction |
XRP
XRP
|
0.46799952 |
details, prediction |
Ethereum Classic
ETC
|
0.47706804 |
details, prediction |
Ethereum
ETH
|
0.4900408 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.32889095 |
details, prediction |
Dai
DAI
|
-0.14267336 |
details, prediction |
Paxos Standard
PAX
|
-0.03800225 |
details, prediction |
True USD
TUSD
|
-0.02688621 |
details, prediction |
USD//Coin
USDC
|
-0.017647054 |
details, prediction |
|
Third tier
|
AMLT Token
AMLT
|
-0.6509356 |
details, prediction |
BHPCash
BHPC
|
-0.6138474 |
details, prediction |
Unobtanium
UNO
|
-0.49836487 |
details, prediction |
CWV Chain
CWV
|
-0.4790003 |
details, prediction |
Speed Mining Service
SMS
|
-0.46030086 |
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)