Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEM
XEM
|
0.7758772 |
details, prediction |
Vechain
VET
|
0.7476014 |
details, prediction |
Cardano
ADA
|
0.68059456 |
details, prediction |
Stellar
XLM
|
0.64829004 |
details, prediction |
DASH
DASH
|
0.6156607 |
details, prediction |
Second tier
|
aelf
ELF
|
0.7580424 |
details, prediction |
Internet of Services
IOST
|
0.73275036 |
details, prediction |
Nexo
NEXO
|
0.72252357 |
details, prediction |
MaidSafe Coin
MAID
|
0.72108704 |
details, prediction |
Golem
GNT
|
0.7052299 |
details, prediction |
Third tier
|
Darico
DEC
|
0.94353306 |
details, prediction |
MOAC
MOAC
|
0.8460478 |
details, prediction |
Steem Backed Dollars
SBD
|
0.78811896 |
details, prediction |
RuffChain
RUFF
|
0.78064996 |
details, prediction |
Dent
DENT
|
0.73989207 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TokenPay 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 TokenPay
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.38423094 |
details, prediction |
Huobi Token
HT
|
0.024074977 |
details, prediction |
Cosmos
ATOM
|
0.092793286 |
details, prediction |
NEO
NEO
|
0.13049836 |
details, prediction |
Maker
MKR
|
0.13093059 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.53587574 |
details, prediction |
KuCoin Shares
KCS
|
-0.45048025 |
details, prediction |
GlitzKoin
GTN
|
-0.34660465 |
details, prediction |
Centrality
CENNZ
|
-0.33830115 |
details, prediction |
OmiseGo
OMG
|
-0.17240237 |
details, prediction |
Third tier
|
Napoleon X
NPX
|
-0.7359224 |
details, prediction |
ODEM
ODEM
|
-0.73043853 |
details, prediction |
IoT Chain
ITC
|
-0.65505856 |
details, prediction |
Rotharium
RTH
|
-0.64415896 |
details, prediction |
CUBE
AUTO
|
-0.6337501 |
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)