Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.7479039 |
details, prediction |
SONM
SNM
|
0.5336886 |
details, prediction |
Maker
MKR
|
0.5030915 |
details, prediction |
Bitcoin
BTC
|
0.3910146 |
details, prediction |
XRP
XRP
|
0.28424364 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.7769048 |
details, prediction |
Synthetix Network Token
SNX
|
0.7525562 |
details, prediction |
HoloToken
HOT
|
0.67658514 |
details, prediction |
Telcoin
TEL
|
0.6288743 |
details, prediction |
FirstBlood
1ST
|
0.60724354 |
details, prediction |
|
Third tier
|
Change
CAG
|
0.8809619 |
details, prediction |
Hydro
HYDRO
|
0.87239957 |
details, prediction |
LockChain
LOC
|
0.8629574 |
details, prediction |
Synereo
AMP
|
0.8290014 |
details, prediction |
Kambria
KAT
|
0.8269902 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ulord 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 Ulord
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.67908216 |
details, prediction |
KuCoin Shares
KCS
|
-0.34237814 |
details, prediction |
ChainLink
LINK
|
-0.0592188 |
details, prediction |
Crypto.com Chain
CRO
|
-0.021061266 |
details, prediction |
Ethereum
ETH
|
0.017535212 |
details, prediction |
|
Second tier
|
Metadium
META
|
-0.45022067 |
details, prediction |
Status
SNT
|
-0.34839252 |
details, prediction |
BORA
BORA
|
-0.32409167 |
details, prediction |
AMO Coin
AMO
|
-0.2961528 |
details, prediction |
Paxos Standard
PAX
|
-0.29201806 |
details, prediction |
|
Third tier
|
Unobtanium
UNO
|
-0.7087895 |
details, prediction |
Uquid Coin
UQC
|
-0.5773703 |
details, prediction |
Phore
PHR
|
-0.52462983 |
details, prediction |
ZClassic
ZCL
|
-0.49820858 |
details, prediction |
SALT
SALT
|
-0.49339324 |
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)