Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.66790414 |
details, prediction |
EOS
EOS
|
0.4157988 |
details, prediction |
OmiseGo
OMG
|
0.39494687 |
details, prediction |
Waves
WAVES
|
0.35597777 |
details, prediction |
TRON
TRX
|
0.31694305 |
details, prediction |
Second tier
|
DxChain
DX
|
0.58498174 |
details, prediction |
GlitzKoin
GTN
|
0.50314283 |
details, prediction |
Centrality
CENNZ
|
0.43773645 |
details, prediction |
Bytom
BTM
|
0.3500608 |
details, prediction |
ARK
ARK
|
0.3330351 |
details, prediction |
Third tier
|
QunQun
QUN
|
0.87221867 |
details, prediction |
EchoLink
EKO
|
0.8576491 |
details, prediction |
Matrix AI Network
MAN
|
0.8495777 |
details, prediction |
Merculet
MVP
|
0.8412667 |
details, prediction |
Wings DAO
WINGS
|
0.7742254 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Exchange Union 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 Exchange Union
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
-0.19588508 |
details, prediction |
Ethereum
ETH
|
-0.18608043 |
details, prediction |
Zilliqa
ZIL
|
-0.17141204 |
details, prediction |
Litecoin
LTC
|
-0.16834734 |
details, prediction |
Bitcoin
BTC
|
-0.16595268 |
details, prediction |
Second tier
|
MaidSafe Coin
MAID
|
-0.5225336 |
details, prediction |
EthLend
LEND
|
-0.3060548 |
details, prediction |
Synthetix Network Token
SNX
|
-0.21603423 |
details, prediction |
WaykiChain
WICC
|
-0.17657682 |
details, prediction |
HedgeTrade
HEDG
|
-0.16980289 |
details, prediction |
Third tier
|
SALT
SALT
|
-0.65408033 |
details, prediction |
Nimiq
NET
|
-0.65054923 |
details, prediction |
CryptoPing
PING
|
-0.61852056 |
details, prediction |
Radium
RADS
|
-0.613453 |
details, prediction |
CloakCoin
CLOAK
|
-0.61230665 |
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)