Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.80380136 |
details, prediction |
SONM
SNM
|
0.7935047 |
details, prediction |
Binance Coin
BNB
|
0.76588917 |
details, prediction |
Ethereum
ETH
|
0.75783044 |
details, prediction |
EOS
EOS
|
0.7332168 |
details, prediction |
Second tier
|
ARK
ARK
|
0.7818507 |
details, prediction |
Huobi Token
HT
|
0.77201575 |
details, prediction |
Nexo
NEXO
|
0.76880836 |
details, prediction |
Status
SNT
|
0.7566986 |
details, prediction |
Gas
GAS
|
0.7545925 |
details, prediction |
Third tier
|
ArcBlock
ABT
|
0.8123695 |
details, prediction |
BABB
BAX
|
0.7961437 |
details, prediction |
Pillar
PLR
|
0.7941627 |
details, prediction |
Nuls
NULS
|
0.79327416 |
details, prediction |
Scry.info
DDD
|
0.7919209 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tripio 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 Tripio
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.5399678 |
details, prediction |
USD//Coin
USDC
|
-0.45784214 |
details, prediction |
Maker
MKR
|
0.57594866 |
details, prediction |
UNUS SED LEO
LEO
|
0.6157067 |
details, prediction |
IOTA
IOT
|
0.6294217 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.45405605 |
details, prediction |
Dai
DAI
|
-0.44637614 |
details, prediction |
EthLend
LEND
|
-0.29447806 |
details, prediction |
Paxos Standard
PAX
|
-0.2690132 |
details, prediction |
GXShares
GXS
|
0.12301894 |
details, prediction |
Third tier
|
THEKEY
TKY
|
-0.7018418 |
details, prediction |
ILCoin
ILC
|
-0.57068276 |
details, prediction |
Time New Bank
TNB
|
-0.5534169 |
details, prediction |
Tidex Token
TDX
|
-0.50256735 |
details, prediction |
SunContract
SNC
|
-0.48032197 |
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)