Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.42260605 |
details, prediction |
Ethereum Classic
ETC
|
0.41218284 |
details, prediction |
Cardano
ADA
|
0.3967506 |
details, prediction |
Bitcoin Cash
BCH
|
0.387489 |
details, prediction |
KuCoin Shares
KCS
|
0.35231152 |
details, prediction |
Second tier
|
Cortex
CTXC
|
0.5690951 |
details, prediction |
Lisk
LSK
|
0.5378731 |
details, prediction |
Horizen
ZEN
|
0.4610292 |
details, prediction |
MonaCoin
MONA
|
0.4502211 |
details, prediction |
Digix DAO
DGD
|
0.44507045 |
details, prediction |
Third tier
|
Pillar
PLR
|
0.81346595 |
details, prediction |
DAEX
DAX
|
0.8109824 |
details, prediction |
Peculium
PCL
|
0.61870295 |
details, prediction |
Neumarks
NEU
|
0.6174085 |
details, prediction |
Populous
PPT
|
0.6036202 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ties Network 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 Ties Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.5016679 |
details, prediction |
USD//Coin
USDC
|
-0.2563468 |
details, prediction |
XRP
XRP
|
-0.25363097 |
details, prediction |
ChainLink
LINK
|
-0.20761138 |
details, prediction |
Monero
XMR
|
-0.16739278 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.49461216 |
details, prediction |
Quant Network
QNT
|
-0.44526035 |
details, prediction |
Telcoin
TEL
|
-0.36477378 |
details, prediction |
Bitcoin Gold
BTG
|
-0.2769715 |
details, prediction |
XYO Network
XYO
|
-0.24676831 |
details, prediction |
Third tier
|
OneRoot Network
RNT
|
-0.51908445 |
details, prediction |
Adshares
ADST
|
-0.4961669 |
details, prediction |
EarthCoin
EAC
|
-0.48479733 |
details, prediction |
Asia Coin
AC
|
-0.4599728 |
details, prediction |
Genesis Vision
GVT
|
-0.45504305 |
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)