Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.63064784 |
details, prediction |
KuCoin Shares
KCS
|
0.560115 |
details, prediction |
Litecoin
LTC
|
0.5571318 |
details, prediction |
Ethereum
ETH
|
0.42959577 |
details, prediction |
Stellar
XLM
|
0.41846293 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.8818434 |
details, prediction |
Waves
WAVES
|
0.7060211 |
details, prediction |
DigiByte
DGB
|
0.5235951 |
details, prediction |
Horizen
ZEN
|
0.47762126 |
details, prediction |
Telcoin
TEL
|
0.45883676 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.6942447 |
details, prediction |
Enjin Coin
ENJ
|
0.559549 |
details, prediction |
NKN
NKN
|
0.5351861 |
details, prediction |
Wanchain
WAN
|
0.48232138 |
details, prediction |
AdEx
ADX
|
0.3954016 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SysCoin 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 SysCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
-0.24494027 |
details, prediction |
Binance Coin
BNB
|
-0.18029422 |
details, prediction |
Monero
XMR
|
-0.094288185 |
details, prediction |
Cardano
ADA
|
-0.022158612 |
details, prediction |
Bitcoin Cash
BCH
|
0.018978922 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.556481 |
details, prediction |
Chiliz
CHZ
|
-0.53691775 |
details, prediction |
Ardor
ARDR
|
-0.42589432 |
details, prediction |
Request Network
REQ
|
-0.3834072 |
details, prediction |
Crypto.com Chain
CRO
|
-0.27357447 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.5705526 |
details, prediction |
NEM
XEM
|
-0.5447 |
details, prediction |
QuarkChain
QKC
|
-0.4818098 |
details, prediction |
PIVX
PIVX
|
-0.40372875 |
details, prediction |
Kambria
KAT
|
-0.39005563 |
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)