Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.887715 |
details, prediction |
Monero
XMR
|
0.8682254 |
details, prediction |
ChainLink
LINK
|
0.86195123 |
details, prediction |
Cardano
ADA
|
0.854128 |
details, prediction |
Litecoin
LTC
|
0.8475929 |
details, prediction |
Second tier
|
Verge
XVG
|
0.88364375 |
details, prediction |
Nexo
NEXO
|
0.8818552 |
details, prediction |
Bitcoin Gold
BTG
|
0.8724358 |
details, prediction |
Status
SNT
|
0.8623359 |
details, prediction |
Gas
GAS
|
0.8592127 |
details, prediction |
Third tier
|
AventCoin
AVT
|
0.89365333 |
details, prediction |
MyriadCoin
XMY
|
0.89292634 |
details, prediction |
Lamden Tau
TAU
|
0.89218444 |
details, prediction |
DAOstack
GEN
|
0.8845173 |
details, prediction |
Copytrack
CPY
|
0.8842157 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TittieCoin 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 TittieCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.054544073 |
details, prediction |
Theta
THETA
|
0.41780147 |
details, prediction |
Ethereum Classic
ETC
|
0.72725564 |
details, prediction |
SONM
SNM
|
0.7476955 |
details, prediction |
Stellar
XLM
|
0.78089154 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.10311986 |
details, prediction |
Dai
DAI
|
-0.04378504 |
details, prediction |
True USD
TUSD
|
0.1953566 |
details, prediction |
IoTeX
IOTX
|
0.28265947 |
details, prediction |
Tezos
XTZ
|
0.37683773 |
details, prediction |
Third tier
|
Docademic
MTC
|
-0.7142979 |
details, prediction |
WeAreSatoshi
WSX
|
-0.70736104 |
details, prediction |
Bitcedi
BXC
|
-0.68226206 |
details, prediction |
ODEM
ODEM
|
-0.5154345 |
details, prediction |
Unobtanium
UNO
|
-0.3456642 |
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)