Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.6946297 |
details, prediction |
Dogecoin
DOGE
|
0.6857198 |
details, prediction |
Vechain
VET
|
0.6520594 |
details, prediction |
Ethereum Classic
ETC
|
0.64595497 |
details, prediction |
Stellar
XLM
|
0.5867119 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.6946156 |
details, prediction |
ARK
ARK
|
0.68163615 |
details, prediction |
MonaCoin
MONA
|
0.6664044 |
details, prediction |
Propy
PRO
|
0.65658677 |
details, prediction |
HoloToken
HOT
|
0.65474397 |
details, prediction |
Third tier
|
Synereo
AMP
|
0.88512695 |
details, prediction |
Kambria
KAT
|
0.83558524 |
details, prediction |
Yggdrash
YEED
|
0.7956436 |
details, prediction |
MonetaryUnit
MUE
|
0.76264924 |
details, prediction |
Omnitude
ECOM
|
0.76121557 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Elastic 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 Elastic
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.6294169 |
details, prediction |
Theta
THETA
|
-0.6159227 |
details, prediction |
Monero
XMR
|
-0.5417582 |
details, prediction |
NEO
NEO
|
-0.41237342 |
details, prediction |
TRON
TRX
|
-0.4047977 |
details, prediction |
Second tier
|
NEM
XEM
|
-0.58627176 |
details, prediction |
Storj
STORJ
|
-0.56771797 |
details, prediction |
FirstBlood
1ST
|
-0.41790238 |
details, prediction |
FTX Token
FTT
|
-0.36467516 |
details, prediction |
Quant Network
QNT
|
-0.35886154 |
details, prediction |
Third tier
|
Waves Community Token
WCT
|
-0.7471807 |
details, prediction |
SpaceChain
SPC
|
-0.58304775 |
details, prediction |
Refereum
RFR
|
-0.5197898 |
details, prediction |
Rotharium
RTH
|
-0.49318033 |
details, prediction |
OneRoot Network
RNT
|
-0.47163567 |
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)