Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.34342763 |
details, prediction |
IOTA
IOT
|
0.33746263 |
details, prediction |
Ethereum Classic
ETC
|
0.32157642 |
details, prediction |
XRP
XRP
|
0.31368253 |
details, prediction |
Cardano
ADA
|
0.30786356 |
details, prediction |
Second tier
|
Dent
DENT
|
0.6751272 |
details, prediction |
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 |
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
|
Theta
THETA
|
-0.49585962 |
details, prediction |
Binance Coin
BNB
|
-0.43140507 |
details, prediction |
Maker
MKR
|
-0.35311392 |
details, prediction |
EOS
EOS
|
-0.27904093 |
details, prediction |
Litecoin
LTC
|
-0.27467975 |
details, prediction |
Second tier
|
Metadium
META
|
-0.4502639 |
details, prediction |
Enjin Coin
ENJ
|
-0.4338626 |
details, prediction |
SwissBorg
CHSB
|
-0.43378675 |
details, prediction |
Huobi Token
HT
|
-0.412791 |
details, prediction |
Storj
STORJ
|
-0.4005256 |
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)