Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.4708135 |
details, prediction |
UNUS SED LEO
LEO
|
-0.021823151 |
details, prediction |
Ethereum
ETH
|
-0.056188975 |
details, prediction |
Crypto.com Chain
CRO
|
-0.11011138 |
details, prediction |
Dogecoin
DOGE
|
-0.110598624 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
0.44486877 |
details, prediction |
True USD
TUSD
|
0.44333258 |
details, prediction |
Dai
DAI
|
0.35591453 |
details, prediction |
Digix DAO
DGD
|
0.27953953 |
details, prediction |
SwissBorg
CHSB
|
0.052231416 |
details, prediction |
Third tier
|
NameCoin
NMC
|
0.5145986 |
details, prediction |
X-Cash
XCASH
|
0.44258055 |
details, prediction |
DeepBrain Chain
DBC
|
0.36298305 |
details, prediction |
Gemini Dollar
GUSD
|
0.34933794 |
details, prediction |
SpaceChain
SPC
|
0.3414173 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that XtraBYtes 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 XtraBYtes
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.47342443 |
details, prediction |
Monero
XMR
|
-0.40227634 |
details, prediction |
Stellar
XLM
|
-0.3396694 |
details, prediction |
Ethereum Classic
ETC
|
-0.32212034 |
details, prediction |
Tezos
XTZ
|
-0.28333455 |
details, prediction |
Second tier
|
Metadium
META
|
-0.58231115 |
details, prediction |
Quant Network
QNT
|
-0.54083765 |
details, prediction |
MonaCoin
MONA
|
-0.40380374 |
details, prediction |
OriginTrail
TRAC
|
-0.3795847 |
details, prediction |
Civic
CVC
|
-0.33859938 |
details, prediction |
Third tier
|
Dreamscape
DSC
|
-0.7015693 |
details, prediction |
Fusion
FSN
|
-0.6077088 |
details, prediction |
TokenCard
TKN
|
-0.5964974 |
details, prediction |
Einsteinium
EMC2
|
-0.575275 |
details, prediction |
Gulden
NLG
|
-0.5740353 |
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)