Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.9520491 |
details, prediction |
SONM
SNM
|
0.833042 |
details, prediction |
Matic Network
MATIC
|
0.81954867 |
details, prediction |
Cardano
ADA
|
0.7097667 |
details, prediction |
Stellar
XLM
|
0.68972135 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.8728188 |
details, prediction |
Polymath Network
POLY
|
0.83126396 |
details, prediction |
EthLend
LEND
|
0.8192637 |
details, prediction |
Zilliqa
ZIL
|
0.81198376 |
details, prediction |
Request Network
REQ
|
0.80101013 |
details, prediction |
|
Third tier
|
CloakCoin
CLOAK
|
0.88652575 |
details, prediction |
Circuits of Value
COVAL
|
0.88306695 |
details, prediction |
TE-FOOD
TFD
|
0.88218606 |
details, prediction |
NAGA
NGC
|
0.8789148 |
details, prediction |
Agoras Token
AGRS
|
0.8756506 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that YoCoin 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 YoCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.58515584 |
details, prediction |
ChainLink
LINK
|
-0.5810036 |
details, prediction |
KuCoin Shares
KCS
|
-0.4254423 |
details, prediction |
Fantom
FTM
|
-0.15414488 |
details, prediction |
Dogecoin
DOGE
|
-0.07748759 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.7856546 |
details, prediction |
Quant Network
QNT
|
-0.6708251 |
details, prediction |
Aragon
ANT
|
-0.6061448 |
details, prediction |
FirstBlood
1ST
|
-0.5227653 |
details, prediction |
Nexo
NEXO
|
-0.30477357 |
details, prediction |
|
Third tier
|
Vitae
VITAE
|
-0.9298413 |
details, prediction |
V Systems
VSYS
|
-0.90780246 |
details, prediction |
BipCoin
BIP
|
-0.8735595 |
details, prediction |
Tidex Token
TDX
|
-0.8699848 |
details, prediction |
Docademic
MTC
|
-0.8587418 |
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)