Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
EOS
EOS
|
0.6910736 |
details, prediction |
Waves
WAVES
|
0.6242971 |
details, prediction |
DASH
DASH
|
0.6063002 |
details, prediction |
OmiseGo
OMG
|
0.5993823 |
details, prediction |
TRON
TRX
|
0.59311575 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.64376837 |
details, prediction |
Steem
STEEM
|
0.61551815 |
details, prediction |
Golem
GNT
|
0.6111149 |
details, prediction |
Bytom
BTM
|
0.6097853 |
details, prediction |
Ontology
ONT
|
0.60635656 |
details, prediction |
Third tier
|
AeonCoin
AEON
|
0.89761835 |
details, prediction |
Libra Credit
LBA
|
0.8748124 |
details, prediction |
Change
CAG
|
0.8550463 |
details, prediction |
AI Doctor
AIDOC
|
0.8454582 |
details, prediction |
IoT Chain
ITC
|
0.8381103 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Wings DAO 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 Wings DAO
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.07250151 |
details, prediction |
Theta
THETA
|
0.13526459 |
details, prediction |
Bitcoin
BTC
|
0.14877217 |
details, prediction |
Maker
MKR
|
0.15053575 |
details, prediction |
Litecoin
LTC
|
0.19947916 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.47006053 |
details, prediction |
MaidSafe Coin
MAID
|
-0.20021397 |
details, prediction |
HedgeTrade
HEDG
|
-0.011707162 |
details, prediction |
WaykiChain
WICC
|
0.009865193 |
details, prediction |
Synthetix Network Token
SNX
|
0.049473073 |
details, prediction |
Third tier
|
Nimiq
NET
|
-0.66830426 |
details, prediction |
VIBEHub
VIBE
|
-0.59589386 |
details, prediction |
Kleros
PNK
|
-0.59071165 |
details, prediction |
Rialto
XRL
|
-0.58828664 |
details, prediction |
DigiCube
CUBE
|
-0.585531 |
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)