Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.8243492 |
details, prediction |
Dogecoin
DOGE
|
0.81581795 |
details, prediction |
XRP
XRP
|
0.8137515 |
details, prediction |
Litecoin
LTC
|
0.7480686 |
details, prediction |
NEO
NEO
|
0.74162567 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.8526501 |
details, prediction |
Propy
PRO
|
0.8506652 |
details, prediction |
Digix DAO
DGD
|
0.8226628 |
details, prediction |
OmiseGo
OMG
|
0.78974855 |
details, prediction |
DASH
DASH
|
0.7884855 |
details, prediction |
Third tier
|
EarthCoin
EAC
|
0.9020423 |
details, prediction |
Ormeus Coin
ORME (OLD)
|
0.87862265 |
details, prediction |
ALISmedia
ALIS
|
0.8779776 |
details, prediction |
TrezarCoin
TZC
|
0.8639573 |
details, prediction |
CommerceBlock
CBT
|
0.86316675 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Unify 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 Unify
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.059658505 |
details, prediction |
Binance Coin
BNB
|
0.15613027 |
details, prediction |
Tezos
XTZ
|
0.32294467 |
details, prediction |
Ethereum Classic
ETC
|
0.46971905 |
details, prediction |
SONM
SNM
|
0.5009854 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.39631116 |
details, prediction |
Dai
DAI
|
-0.085121185 |
details, prediction |
True USD
TUSD
|
0.059930578 |
details, prediction |
DigiByte
DGB
|
0.1397349 |
details, prediction |
0x
ZRX
|
0.19976906 |
details, prediction |
Third tier
|
Ternio
TERN
|
-0.8235414 |
details, prediction |
Bittwatt
BWT
|
-0.7128143 |
details, prediction |
GoChain
GO
|
-0.67463815 |
details, prediction |
ODEM
ODEM
|
-0.66213864 |
details, prediction |
WeAreSatoshi
WSX
|
-0.60135174 |
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)