Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.34342763 |
details, prediction |
Ethereum Classic
ETC
|
0.32157642 |
details, prediction |
XRP
XRP
|
0.31368253 |
details, prediction |
Cardano
ADA
|
0.30786356 |
details, prediction |
ZCash
ZEC
|
0.26596302 |
details, prediction |
|
Second tier
|
Digix DAO
DGD
|
0.6069924 |
details, prediction |
Zilliqa
ZIL
|
0.5888241 |
details, prediction |
Verge
XVG
|
0.3616125 |
details, prediction |
0x
ZRX
|
0.36015657 |
details, prediction |
Request Network
REQ
|
0.36002398 |
details, prediction |
|
Third tier
|
Global Cryptocurrency
GCC
|
0.89495385 |
details, prediction |
Tidex Token
TDX
|
0.78096455 |
details, prediction |
ugChain
UGC
|
0.7505889 |
details, prediction |
SyncFab
MFG
|
0.7384424 |
details, prediction |
Chronobank
TIME
|
0.68613774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Travelflex 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 Travelflex
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.43140507 |
details, prediction |
Maker
MKR
|
-0.35311392 |
details, prediction |
Litecoin
LTC
|
-0.27467975 |
details, prediction |
KuCoin Shares
KCS
|
0.08727874 |
details, prediction |
Dogecoin
DOGE
|
0.11181041 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.49585962 |
details, prediction |
Metadium
META
|
-0.4502639 |
details, prediction |
SwissBorg
CHSB
|
-0.43378675 |
details, prediction |
Huobi Token
HT
|
-0.412791 |
details, prediction |
iEx.ec
RLC
|
-0.37802252 |
details, prediction |
|
Third tier
|
Prizm
PZM
|
-0.56280386 |
details, prediction |
Hyperstake
HYP
|
-0.55351985 |
details, prediction |
Incent
INCNT
|
-0.5324217 |
details, prediction |
Bittwatt
BWT
|
-0.52922 |
details, prediction |
Numerai
NMR
|
-0.51623833 |
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)