Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.9433156 |
details, prediction |
TRON
TRX
|
0.94196254 |
details, prediction |
Litecoin
LTC
|
0.93161654 |
details, prediction |
NEO
NEO
|
0.929692 |
details, prediction |
Monero
XMR
|
0.9246342 |
details, prediction |
Second tier
|
Request Network
REQ
|
0.96559846 |
details, prediction |
Aragon
ANT
|
0.96294796 |
details, prediction |
FirstBlood
1ST
|
0.9532609 |
details, prediction |
Metal
MTL
|
0.9525055 |
details, prediction |
Enjin Coin
ENJ
|
0.9505193 |
details, prediction |
Third tier
|
Zebi
ZCO
|
0.97609085 |
details, prediction |
Bitcore
BTX
|
0.96736056 |
details, prediction |
Revain
R
|
0.9672423 |
details, prediction |
Blockport
BPT
|
0.9657886 |
details, prediction |
TomoChain
TOMO
|
0.9641177 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Transcodium 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 Transcodium
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.15658075 |
details, prediction |
Ethereum Classic
ETC
|
0.49246457 |
details, prediction |
Theta
THETA
|
0.57657546 |
details, prediction |
Stellar
XLM
|
0.7467242 |
details, prediction |
KuCoin Shares
KCS
|
0.76996785 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.011824998 |
details, prediction |
Huobi Token
HT
|
0.027249413 |
details, prediction |
DigiByte
DGB
|
0.3143357 |
details, prediction |
IoTeX
IOTX
|
0.32653806 |
details, prediction |
True USD
TUSD
|
0.41228002 |
details, prediction |
Third tier
|
Bitcedi
BXC
|
-0.8823333 |
details, prediction |
ODEM
ODEM
|
-0.75616664 |
details, prediction |
WeAreSatoshi
WSX
|
-0.7055593 |
details, prediction |
Docademic
MTC
|
-0.66455984 |
details, prediction |
GoChain
GO
|
-0.63090295 |
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)