Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.83558476 |
details, prediction |
TRON
TRX
|
0.81964135 |
details, prediction |
Bitcoin
BTC
|
0.7987745 |
details, prediction |
Crypto.com Chain
CRO
|
0.7890052 |
details, prediction |
Fantom
FTM
|
0.7769682 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.84056455 |
details, prediction |
Cortex
CTXC
|
0.8332231 |
details, prediction |
FTX Token
FTT
|
0.82983357 |
details, prediction |
Bitcoin Gold
BTG
|
0.8192092 |
details, prediction |
QTUM
QTUM
|
0.802722 |
details, prediction |
Third tier
|
Nimiq
NET
|
0.86119777 |
details, prediction |
Kambria
KAT
|
0.8489803 |
details, prediction |
LockChain
LOC
|
0.8176019 |
details, prediction |
Quantstamp
QSP
|
0.8078509 |
details, prediction |
Dentacoin
DCN
|
0.8043774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that U network 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 network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Chiliz
CHZ
|
-0.74311596 |
details, prediction |
Cosmos
ATOM
|
-0.55832106 |
details, prediction |
XRP
XRP
|
-0.535273 |
details, prediction |
SONM
SNM
|
-0.42316845 |
details, prediction |
USD//Coin
USDC
|
-0.019663416 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.42722046 |
details, prediction |
Nexo
NEXO
|
-0.2012571 |
details, prediction |
iEx.ec
RLC
|
-0.094881415 |
details, prediction |
Algorand
ALGO
|
-0.08294438 |
details, prediction |
Polymath Network
POLY
|
-0.06871925 |
details, prediction |
Third tier
|
CPChain
CPC
|
-0.69384843 |
details, prediction |
CargoX
CXO
|
-0.66300905 |
details, prediction |
HEROcoin
PLAY
|
-0.6028722 |
details, prediction |
Mobius
MOBI
|
-0.5878826 |
details, prediction |
QLINK
QLC
|
-0.5336244 |
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)