Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.66849357 |
details, prediction |
Monero
XMR
|
0.19033979 |
details, prediction |
ZCash
ZEC
|
-0.26168576 |
details, prediction |
Ethereum Classic
ETC
|
-0.3480867 |
details, prediction |
Waves
WAVES
|
-0.36077407 |
details, prediction |
Second tier
|
Dai
DAI
|
0.7922689 |
details, prediction |
USD//Coin
USDC
|
0.7401095 |
details, prediction |
EthLend
LEND
|
0.63879085 |
details, prediction |
Paxos Standard
PAX
|
0.6095906 |
details, prediction |
True USD
TUSD
|
0.59454346 |
details, prediction |
Third tier
|
FeatherCoin
FTC
|
0.79242605 |
details, prediction |
Haven Protocol
XHV
|
0.76454735 |
details, prediction |
ILCoin
ILC
|
0.758948 |
details, prediction |
Envion
EVN
|
0.7306126 |
details, prediction |
SunContract
SNC
|
0.7293313 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Time New Bank 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 Time New Bank
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Decentraland
MANA
|
-0.9354702 |
details, prediction |
Fantom
FTM
|
-0.9204103 |
details, prediction |
Cosmos
ATOM
|
-0.9107919 |
details, prediction |
Matic Network
MATIC
|
-0.90927404 |
details, prediction |
IOTA
IOT
|
-0.8908449 |
details, prediction |
Second tier
|
Aragon
ANT
|
-0.9035883 |
details, prediction |
Bitcoin Diamond
BCD
|
-0.8889073 |
details, prediction |
Elastos
ELA
|
-0.88785386 |
details, prediction |
WhiteCoin
XWC
|
-0.8703837 |
details, prediction |
XYO Network
XYO
|
-0.86386305 |
details, prediction |
Third tier
|
Kin
KIN
|
-0.974639 |
details, prediction |
Genaro Network
GNX
|
-0.95360494 |
details, prediction |
OPEN Platform
OPEN
|
-0.94343024 |
details, prediction |
Gamecredits
GAME
|
-0.9434001 |
details, prediction |
IoT Chain
ITC
|
-0.9432496 |
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)