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
|
Gas
GAS
|
0.8557779 |
details, prediction |
OriginTrail
TRAC
|
0.83786607 |
details, prediction |
Ocean Protocol
OCEAN
|
0.82393116 |
details, prediction |
ARK
ARK
|
0.82039106 |
details, prediction |
Digix DAO
DGD
|
0.81275547 |
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 |
USD//Coin
USDC
|
0.33143482 |
details, prediction |
Cosmos
ATOM
|
0.34550625 |
details, prediction |
Fantom
FTM
|
0.38263503 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.51434124 |
details, prediction |
FTX Token
FTT
|
0.07803406 |
details, prediction |
Propy
PRO
|
0.13228585 |
details, prediction |
Huobi Token
HT
|
0.2052318 |
details, prediction |
GXShares
GXS
|
0.207265 |
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 |
Tidex Token
TDX
|
-0.4749538 |
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)