Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.9082243 |
details, prediction |
Crypto.com Chain
CRO
|
0.9039732 |
details, prediction |
XRP
XRP
|
0.8901007 |
details, prediction |
Cosmos
ATOM
|
0.8845784 |
details, prediction |
IOTA
IOT
|
0.8670282 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.915103 |
details, prediction |
Power Ledger
POWR
|
0.9030083 |
details, prediction |
XYO Network
XYO
|
0.8995905 |
details, prediction |
Theta Fuel
TFUEL
|
0.8725426 |
details, prediction |
aelf
ELF
|
0.8679202 |
details, prediction |
Third tier
|
V Systems
VSYS
|
0.9551878 |
details, prediction |
Numerai
NMR
|
0.94671595 |
details, prediction |
Bibox Token
BIX
|
0.9353815 |
details, prediction |
Egretia
EGT
|
0.9156157 |
details, prediction |
Bytom
BTM
|
0.9130318 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that WhiteCoin 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 WhiteCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.82756555 |
details, prediction |
TRON
TRX
|
-0.70947474 |
details, prediction |
Monero
XMR
|
0.20358983 |
details, prediction |
Ethereum Classic
ETC
|
0.49079108 |
details, prediction |
Vechain
VET
|
0.6110715 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.8865278 |
details, prediction |
Paxos Standard
PAX
|
-0.7464294 |
details, prediction |
True USD
TUSD
|
-0.7243671 |
details, prediction |
EthLend
LEND
|
-0.61390156 |
details, prediction |
GXShares
GXS
|
-0.35565412 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8777863 |
details, prediction |
FeatherCoin
FTC
|
-0.8463378 |
details, prediction |
ILCoin
ILC
|
-0.84139574 |
details, prediction |
Haven Protocol
XHV
|
-0.8172082 |
details, prediction |
SunContract
SNC
|
-0.79505193 |
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)