Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
0.5470106 |
details, prediction |
Maker
MKR
|
0.5436633 |
details, prediction |
SONM
SNM
|
0.54008836 |
details, prediction |
Matic Network
MATIC
|
0.5385744 |
details, prediction |
Vechain
VET
|
0.5370492 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.57743126 |
details, prediction |
OriginTrail
TRAC
|
0.5709685 |
details, prediction |
iEx.ec
RLC
|
0.54340005 |
details, prediction |
ZCash
ZEC
|
0.5425291 |
details, prediction |
Ravencoin
RVN
|
0.5366473 |
details, prediction |
Third tier
|
Credit Tag Chain
CTC
|
0.8795203 |
details, prediction |
WeShow Token
WET
|
0.7829836 |
details, prediction |
Mixin
XIN
|
0.75771654 |
details, prediction |
Omnitude
ECOM
|
0.69469917 |
details, prediction |
HEROcoin
PLAY
|
0.64445215 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that U.CASH 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 U.CASH
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.41742286 |
details, prediction |
USD//Coin
USDC
|
-0.10805732 |
details, prediction |
Tezos
XTZ
|
0.22546786 |
details, prediction |
ChainLink
LINK
|
0.30571708 |
details, prediction |
Chiliz
CHZ
|
0.32857913 |
details, prediction |
Second tier
|
BORA
BORA
|
-0.2625492 |
details, prediction |
Metadium
META
|
-0.24979101 |
details, prediction |
True USD
TUSD
|
-0.1674722 |
details, prediction |
Dai
DAI
|
-0.15411434 |
details, prediction |
AMO Coin
AMO
|
-0.1370006 |
details, prediction |
Third tier
|
DubaiCoin
DBIX
|
-0.7780534 |
details, prediction |
Dether
DTH
|
-0.6408238 |
details, prediction |
Envion
EVN
|
-0.52148837 |
details, prediction |
Numerai
NMR
|
-0.4465768 |
details, prediction |
Tycoon Global
TCT
|
-0.41645136 |
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)