Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Gold
BTG
|
0.942399 |
details, prediction |
KuCoin Shares
KCS
|
0.92329943 |
details, prediction |
QTUM
QTUM
|
0.907546 |
details, prediction |
Vechain
VET
|
0.90109015 |
details, prediction |
NEO
NEO
|
0.8810071 |
details, prediction |
Second tier
|
Bitcoin Diamond
BCD
|
0.9051151 |
details, prediction |
Elastos
ELA
|
0.9031176 |
details, prediction |
Komodo
KMD
|
0.9003586 |
details, prediction |
Populous
PPT
|
0.88949037 |
details, prediction |
NKN
NKN
|
0.88212776 |
details, prediction |
Third tier
|
CoiniFi
COFI
|
0.92698866 |
details, prediction |
Swarm
SWM
|
0.9190357 |
details, prediction |
Red Pulse Phoenix
PHX
|
0.9127355 |
details, prediction |
CNN token
CNN
|
0.90440506 |
details, prediction |
Delphy
DPY
|
0.9005445 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Yggdrash 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 Yggdrash
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.24992277 |
details, prediction |
NEM
XEM
|
0.32998663 |
details, prediction |
Republic protocol
REN
|
0.42469823 |
details, prediction |
Dogecoin
DOGE
|
0.56677717 |
details, prediction |
Stellar
XLM
|
0.6061682 |
details, prediction |
Second tier
|
Loopring
LRC
|
-0.06132449 |
details, prediction |
HedgeTrade
HEDG
|
-0.011787498 |
details, prediction |
Synthetix Network Token
SNX
|
0.1932039 |
details, prediction |
MonaCoin
MONA
|
0.36593926 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.3857489 |
details, prediction |
Third tier
|
VeriCoin
VRC
|
-0.74157965 |
details, prediction |
GlitzKoin
GTN
|
-0.70076895 |
details, prediction |
STASIS EURS
EURS
|
-0.64995104 |
details, prediction |
Bitbook Gambling
BXK
|
-0.62664443 |
details, prediction |
ILCoin
ILC
|
-0.56161535 |
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)