Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.78055644 |
details, prediction |
UNUS SED LEO
LEO
|
0.77801895 |
details, prediction |
Chiliz
CHZ
|
0.7709478 |
details, prediction |
Stellar
XLM
|
0.69184595 |
details, prediction |
Dogecoin
DOGE
|
0.6575873 |
details, prediction |
Second tier
|
Stox
STX
|
0.83544785 |
details, prediction |
HoloToken
HOT
|
0.78409094 |
details, prediction |
Metal
MTL
|
0.75472194 |
details, prediction |
Dent
DENT
|
0.74003285 |
details, prediction |
0x
ZRX
|
0.7399792 |
details, prediction |
Third tier
|
Aurora DAO
AURA
|
0.9182167 |
details, prediction |
FNB Protocol
FNB
|
0.8733495 |
details, prediction |
uDoo
UDOO
|
0.86692345 |
details, prediction |
Omnitude
ECOM
|
0.85354716 |
details, prediction |
X-Cash
XCASH
|
0.8450867 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Energo 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 Energo
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
-0.3532233 |
details, prediction |
Tezos
XTZ
|
-0.25051737 |
details, prediction |
Ethereum Classic
ETC
|
-0.1358438 |
details, prediction |
Theta
THETA
|
-0.13389811 |
details, prediction |
Crypto.com Chain
CRO
|
-0.10167688 |
details, prediction |
Second tier
|
FTX Token
FTT
|
-0.7185542 |
details, prediction |
HedgeTrade
HEDG
|
-0.57910126 |
details, prediction |
Horizen
ZEN
|
-0.4299977 |
details, prediction |
Digix DAO
DGD
|
-0.3358516 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.30014116 |
details, prediction |
Third tier
|
Blockport
BPT
|
-0.84854317 |
details, prediction |
Ecoreal Estate
ECOREAL
|
-0.69700664 |
details, prediction |
TE-FOOD
TFD
|
-0.6785513 |
details, prediction |
Tycoon Global
TCT
|
-0.67218256 |
details, prediction |
LBRY Credits
LBC
|
-0.58742094 |
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)