Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.33843413 |
details, prediction |
USD//Coin
USDC
|
0.32187188 |
details, prediction |
Maker
MKR
|
0.17320956 |
details, prediction |
Theta
THETA
|
0.109221175 |
details, prediction |
XRP
XRP
|
0.05427682 |
details, prediction |
Second tier
|
Quant Network
QNT
|
0.7772095 |
details, prediction |
BitTorrent
BTT
|
0.77522326 |
details, prediction |
XYO Network
XYO
|
0.71671677 |
details, prediction |
Dent
DENT
|
0.6893247 |
details, prediction |
Waves
WAVES
|
0.5956241 |
details, prediction |
Third tier
|
Linkey
LKY
|
0.9139621 |
details, prediction |
Universa
UTNP
|
0.9010526 |
details, prediction |
Bittwatt
BWT
|
0.87398845 |
details, prediction |
LockChain
LOC
|
0.85971737 |
details, prediction |
Neumarks
NEU
|
0.84945965 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Incognito 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 Bitcoin Incognito
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.8573906 |
details, prediction |
Binance Coin
BNB
|
-0.8049613 |
details, prediction |
Bitcoin
BTC
|
-0.80016035 |
details, prediction |
Bitcoin Cash
BCH
|
-0.7834196 |
details, prediction |
Monero
XMR
|
-0.76034176 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
-0.8015364 |
details, prediction |
Decred
DCR
|
-0.78894854 |
details, prediction |
Digix DAO
DGD
|
-0.7869527 |
details, prediction |
Horizen
ZEN
|
-0.77546304 |
details, prediction |
iEx.ec
RLC
|
-0.77354443 |
details, prediction |
Third tier
|
CLAMS
CLAM
|
-0.8912996 |
details, prediction |
WeShow Token
WET
|
-0.8863802 |
details, prediction |
MediBloc
MED
|
-0.8369165 |
details, prediction |
Numerai
NMR
|
-0.83672875 |
details, prediction |
Airbloc
ABL
|
-0.8029322 |
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)