Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.9006879 |
details, prediction |
Ethereum
ETH
|
0.84230757 |
details, prediction |
Cardano
ADA
|
0.8306646 |
details, prediction |
KuCoin Shares
KCS
|
0.7886417 |
details, prediction |
NEO
NEO
|
0.72151446 |
details, prediction |
Second tier
|
Huobi Token
HT
|
0.88896525 |
details, prediction |
Horizen
ZEN
|
0.86289257 |
details, prediction |
OmiseGo
OMG
|
0.8501618 |
details, prediction |
Aragon
ANT
|
0.836749 |
details, prediction |
aelf
ELF
|
0.8007167 |
details, prediction |
Third tier
|
EdenChain
EDN
|
0.94723445 |
details, prediction |
SafeExchangeCoin
SAFEX
|
0.94201225 |
details, prediction |
Moneytoken
IMT
|
0.93879485 |
details, prediction |
Speed Mining Service
SMS
|
0.9349908 |
details, prediction |
PrimeCoin
XPM
|
0.9246109 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tokia 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 Tokia
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.7567545 |
details, prediction |
Maker
MKR
|
-0.6915292 |
details, prediction |
ChainLink
LINK
|
-0.68944067 |
details, prediction |
XRP
XRP
|
-0.6719552 |
details, prediction |
Stellar
XLM
|
-0.44517696 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.82406527 |
details, prediction |
Bitcoin Gold
BTG
|
-0.78126025 |
details, prediction |
Nexo
NEXO
|
-0.73830545 |
details, prediction |
XYO Network
XYO
|
-0.63347596 |
details, prediction |
IoTeX
IOTX
|
-0.612637 |
details, prediction |
Third tier
|
Dero
DERO
|
-0.9085745 |
details, prediction |
Vitae
VITAE
|
-0.7864631 |
details, prediction |
Genesis Vision
GVT
|
-0.770744 |
details, prediction |
INS Ecosystem
INS
|
-0.7593072 |
details, prediction |
VIN chain
VIN
|
-0.7578408 |
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)