Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.91392094 |
details, prediction |
Maker
MKR
|
0.9088392 |
details, prediction |
Binance Coin
BNB
|
0.9069121 |
details, prediction |
NEO
NEO
|
0.904163 |
details, prediction |
Bitcoin
BTC
|
0.8985605 |
details, prediction |
Second tier
|
Status
SNT
|
0.91623235 |
details, prediction |
Power Ledger
POWR
|
0.9106989 |
details, prediction |
Zilliqa
ZIL
|
0.9106275 |
details, prediction |
Steem
STEEM
|
0.906179 |
details, prediction |
Digix DAO
DGD
|
0.9050953 |
details, prediction |
Third tier
|
Dotcoin
DOT
|
0.93224204 |
details, prediction |
Asia Coin
AC
|
0.92874855 |
details, prediction |
Tidex Token
TDX
|
0.91454315 |
details, prediction |
Viberate
VIB
|
0.91253483 |
details, prediction |
INS Ecosystem
INS
|
0.9112697 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MyWish 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 MyWish
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.07325094 |
details, prediction |
Bitcoin SV
BSV
|
0.4172688 |
details, prediction |
TRON
TRX
|
0.5383268 |
details, prediction |
ChainLink
LINK
|
0.7350734 |
details, prediction |
Dogecoin
DOGE
|
0.79209644 |
details, prediction |
Second tier
|
XYO Network
XYO
|
-0.39314806 |
details, prediction |
Waves
WAVES
|
-0.30772075 |
details, prediction |
Paxos Standard
PAX
|
-0.29031214 |
details, prediction |
Dai
DAI
|
-0.2514225 |
details, prediction |
True USD
TUSD
|
-0.11292128 |
details, prediction |
Third tier
|
Factom
FCT
|
-0.7333712 |
details, prediction |
CWV Chain
CWV
|
-0.64568406 |
details, prediction |
Chainium
CHX
|
-0.50410885 |
details, prediction |
AMLT Token
AMLT
|
-0.49146113 |
details, prediction |
Unobtanium
UNO
|
-0.4778905 |
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)