Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.6857198 |
details, prediction |
Ethereum Classic
ETC
|
0.64595497 |
details, prediction |
Stellar
XLM
|
0.5867119 |
details, prediction |
ZCash
ZEC
|
0.5297804 |
details, prediction |
Cardano
ADA
|
0.52864593 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.6946297 |
details, prediction |
HedgeTrade
HEDG
|
0.6946156 |
details, prediction |
MonaCoin
MONA
|
0.6664044 |
details, prediction |
HoloToken
HOT
|
0.65474397 |
details, prediction |
Vechain
VET
|
0.6520594 |
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 |
Monero
XMR
|
-0.5417582 |
details, prediction |
TRON
TRX
|
-0.4047977 |
details, prediction |
Fantom
FTM
|
-0.32515022 |
details, prediction |
UNUS SED LEO
LEO
|
-0.15237397 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.6159227 |
details, prediction |
FirstBlood
1ST
|
-0.41790238 |
details, prediction |
NEO
NEO
|
-0.41237342 |
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 |
NEM
XEM
|
-0.58627176 |
details, prediction |
SpaceChain
SPC
|
-0.58304775 |
details, prediction |
Storj
STORJ
|
-0.56771797 |
details, prediction |
Refereum
RFR
|
-0.5197898 |
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)