Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.76628906 |
details, prediction |
SONM
SNM
|
0.69224244 |
details, prediction |
Cosmos
ATOM
|
0.6031273 |
details, prediction |
Matic Network
MATIC
|
0.5936819 |
details, prediction |
Stellar
XLM
|
0.36575395 |
details, prediction |
Second tier
|
EthLend
LEND
|
0.72604346 |
details, prediction |
Waves
WAVES
|
0.716036 |
details, prediction |
IoTeX
IOTX
|
0.7136749 |
details, prediction |
Polymath Network
POLY
|
0.7093249 |
details, prediction |
Enjin Coin
ENJ
|
0.7016182 |
details, prediction |
Third tier
|
Credit Tag Chain
CTC
|
0.8407841 |
details, prediction |
BlackCoin
BLK
|
0.7948427 |
details, prediction |
TE-FOOD
TFD
|
0.7718006 |
details, prediction |
Presearch
PRE
|
0.76830626 |
details, prediction |
WaBi
WABI
|
0.7662603 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Transfer 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 Transfer
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.7725654 |
details, prediction |
Bitcoin
BTC
|
-0.6592616 |
details, prediction |
ChainLink
LINK
|
-0.65522593 |
details, prediction |
Ethereum
ETH
|
-0.5302523 |
details, prediction |
Binance Coin
BNB
|
-0.44919264 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.69877696 |
details, prediction |
Huobi Token
HT
|
-0.56126404 |
details, prediction |
Bitcoin Gold
BTG
|
-0.5256477 |
details, prediction |
Decred
DCR
|
-0.47985762 |
details, prediction |
MonaCoin
MONA
|
-0.44940564 |
details, prediction |
Third tier
|
Smartlands
SLT
|
-0.8051099 |
details, prediction |
CommerceBlock
CBT
|
-0.7875204 |
details, prediction |
RealTract
RET
|
-0.76361394 |
details, prediction |
Darico
DEC
|
-0.7505425 |
details, prediction |
Egretia
EGT
|
-0.7453415 |
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)