Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.79481345 |
details, prediction |
SONM
SNM
|
0.78783 |
details, prediction |
ChainLink
LINK
|
0.72890997 |
details, prediction |
Stellar
XLM
|
0.72457963 |
details, prediction |
Monero
XMR
|
0.7161879 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.83786607 |
details, prediction |
Ocean Protocol
OCEAN
|
0.82393116 |
details, prediction |
Digix DAO
DGD
|
0.81275547 |
details, prediction |
Status
SNT
|
0.8099219 |
details, prediction |
MonaCoin
MONA
|
0.78076386 |
details, prediction |
|
Third tier
|
Linker Coin
LNC
|
0.881903 |
details, prediction |
Upfiring
UFR
|
0.87453765 |
details, prediction |
Ignis
IGNIS
|
0.86959344 |
details, prediction |
Yoyow
YOYOW
|
0.8693676 |
details, prediction |
FedoraCoin
TIPS
|
0.8680412 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BitTube 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 BitTube
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.74651736 |
details, prediction |
Dogecoin
DOGE
|
-0.11600596 |
details, prediction |
Fantom
FTM
|
0.38263503 |
details, prediction |
XRP
XRP
|
0.43918717 |
details, prediction |
Ethereum Classic
ETC
|
0.46115503 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.07803406 |
details, prediction |
Huobi Token
HT
|
0.2052318 |
details, prediction |
GXShares
GXS
|
0.207265 |
details, prediction |
Paxos Standard
PAX
|
0.23576805 |
details, prediction |
Dai
DAI
|
0.3133492 |
details, prediction |
|
Third tier
|
AventCoin
AVT
|
-0.6242596 |
details, prediction |
SmartMesh
SMT
|
-0.544755 |
details, prediction |
SwftCoin
SWFTC
|
-0.5381707 |
details, prediction |
Quantstamp
QSP
|
-0.53080875 |
details, prediction |
Kyber Network
KNC
|
-0.51434124 |
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)