Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.9303987 |
details, prediction |
Bitcoin Cash
BCH
|
0.92909366 |
details, prediction |
Dogecoin
DOGE
|
0.92656374 |
details, prediction |
Litecoin
LTC
|
0.92507565 |
details, prediction |
Ethereum
ETH
|
0.92279005 |
details, prediction |
Second tier
|
ARK
ARK
|
0.9459226 |
details, prediction |
Verge
XVG
|
0.9442068 |
details, prediction |
Telcoin
TEL
|
0.9423897 |
details, prediction |
Siacoin
SC
|
0.9376634 |
details, prediction |
Nano
NANO
|
0.9376591 |
details, prediction |
Third tier
|
Viberate
VIB
|
0.94972074 |
details, prediction |
Bread
BRD
|
0.9465271 |
details, prediction |
GoChain
GO
|
0.9464226 |
details, prediction |
Quantstamp
QSP
|
0.9457591 |
details, prediction |
QuarkChain
QKC
|
0.941404 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that WaBi 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 WaBi
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.114756785 |
details, prediction |
TRON
TRX
|
0.5034152 |
details, prediction |
Ethereum Classic
ETC
|
0.52508944 |
details, prediction |
Bitcoin SV
BSV
|
0.5884592 |
details, prediction |
Matic Network
MATIC
|
0.70070595 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.36898208 |
details, prediction |
True USD
TUSD
|
0.18967564 |
details, prediction |
Paxos Standard
PAX
|
0.20297725 |
details, prediction |
MonaCoin
MONA
|
0.290392 |
details, prediction |
MaidSafe Coin
MAID
|
0.3306522 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.86402494 |
details, prediction |
Seele
SEELE
|
-0.78022003 |
details, prediction |
Tidex Token
TDX
|
-0.7706406 |
details, prediction |
Time New Bank
TNB
|
-0.5983224 |
details, prediction |
AventCoin
AVT
|
-0.56500304 |
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)