Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.9004657 |
details, prediction |
KuCoin Shares
KCS
|
0.8887797 |
details, prediction |
ZCash
ZEC
|
0.88398534 |
details, prediction |
Maker
MKR
|
0.86459684 |
details, prediction |
Bitcoin Cash
BCH
|
0.8592916 |
details, prediction |
Second tier
|
Augur
REP
|
0.93325114 |
details, prediction |
Bitcoin Gold
BTG
|
0.902085 |
details, prediction |
Request Network
REQ
|
0.8940712 |
details, prediction |
OriginTrail
TRAC
|
0.88870883 |
details, prediction |
Utrust
UTK
|
0.8820381 |
details, prediction |
Third tier
|
UnlimitedIP
UIP
|
0.926687 |
details, prediction |
FortKnoxster
FKX
|
0.9206702 |
details, prediction |
Cortex
CTXC
|
0.91542435 |
details, prediction |
Dreamscape
DSC
|
0.90707177 |
details, prediction |
Gas
GAS
|
0.90297234 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TrueChain 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 TrueChain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.32739997 |
details, prediction |
UNUS SED LEO
LEO
|
0.5338062 |
details, prediction |
Bitcoin SV
BSV
|
0.7325569 |
details, prediction |
Theta
THETA
|
0.7765034 |
details, prediction |
Vechain
VET
|
0.78428537 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.40321088 |
details, prediction |
USD//Coin
USDC
|
-0.37756622 |
details, prediction |
Dai
DAI
|
-0.30087298 |
details, prediction |
Paxos Standard
PAX
|
-0.29592037 |
details, prediction |
Centrality
CENNZ
|
0.1851507 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.87466365 |
details, prediction |
FeatherCoin
FTC
|
-0.7627862 |
details, prediction |
Time New Bank
TNB
|
-0.6949757 |
details, prediction |
Sentinel
SENT
|
-0.5495241 |
details, prediction |
Seele
SEELE
|
-0.53212523 |
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)