Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.66582024 |
details, prediction |
TRON
TRX
|
0.45937157 |
details, prediction |
XRP
XRP
|
0.32900012 |
details, prediction |
IOTA
IOT
|
0.25827056 |
details, prediction |
ChainLink
LINK
|
0.067307726 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.5248179 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.49453917 |
details, prediction |
Polymath Network
POLY
|
0.4061795 |
details, prediction |
Zilliqa
ZIL
|
0.3863243 |
details, prediction |
XYO Network
XYO
|
0.35541788 |
details, prediction |
Third tier
|
Credit Tag Chain
CTC
|
0.86753243 |
details, prediction |
BitDice
CSNO
|
0.67185366 |
details, prediction |
LockChain
LOC
|
0.65410274 |
details, prediction |
Game
GTC
|
0.59322685 |
details, prediction |
Ambrosus
AMB
|
0.5850586 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TrakInvest 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 TrakInvest
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
-0.5705205 |
details, prediction |
Monero
XMR
|
-0.5391566 |
details, prediction |
Bitcoin Cash
BCH
|
-0.5357992 |
details, prediction |
Dogecoin
DOGE
|
-0.5142494 |
details, prediction |
Ethereum
ETH
|
-0.4889007 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
-0.65031093 |
details, prediction |
MonaCoin
MONA
|
-0.6306798 |
details, prediction |
HoloToken
HOT
|
-0.55945814 |
details, prediction |
Nano
NANO
|
-0.5367544 |
details, prediction |
Digix DAO
DGD
|
-0.5257283 |
details, prediction |
Third tier
|
Cardstack
CARD
|
-0.7512594 |
details, prediction |
Spectre
XSPEC
|
-0.74468744 |
details, prediction |
Effect.AI
EFX
|
-0.73087007 |
details, prediction |
EarthCoin
EAC
|
-0.7297704 |
details, prediction |
Factom
FCT
|
-0.68719393 |
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)