Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.71920294 |
details, prediction |
Ethereum
ETH
|
0.7162704 |
details, prediction |
ChainLink
LINK
|
0.7095951 |
details, prediction |
ICON
ICX
|
0.6746243 |
details, prediction |
Republic protocol
REN
|
0.6460464 |
details, prediction |
Second tier
|
WaykiChain
WICC
|
0.9227496 |
details, prediction |
HedgeTrade
HEDG
|
0.8866349 |
details, prediction |
Enjin Coin
ENJ
|
0.7854758 |
details, prediction |
Horizen
ZEN
|
0.72961956 |
details, prediction |
Digix DAO
DGD
|
0.719646 |
details, prediction |
Third tier
|
Gifto
GTO
|
0.92248476 |
details, prediction |
ILCoin
ILC
|
0.9081513 |
details, prediction |
Hedge Token
HDG
|
0.89052105 |
details, prediction |
CryptoPing
PING
|
0.85133123 |
details, prediction |
indaHash
IDH
|
0.84678155 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that 0chain 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 0chain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
-0.4777942 |
details, prediction |
Waves
WAVES
|
0.028529916 |
details, prediction |
Decred
DCR
|
0.09323862 |
details, prediction |
EOS
EOS
|
0.09994495 |
details, prediction |
Bitcoin SV
BSV
|
0.14050052 |
details, prediction |
Second tier
|
DxChain
DX
|
-0.5785027 |
details, prediction |
GlitzKoin
GTN
|
-0.49987826 |
details, prediction |
Dai
DAI
|
-0.49202135 |
details, prediction |
CyberVein
CVT
|
-0.47644487 |
details, prediction |
Centrality
CENNZ
|
-0.46716622 |
details, prediction |
Third tier
|
Bitbook Gambling
BXK
|
-0.8684012 |
details, prediction |
Faceter
FACE
|
-0.83425844 |
details, prediction |
Airbloc
ABL
|
-0.83248436 |
details, prediction |
Enigma
ENG
|
-0.8022624 |
details, prediction |
True Flip Lottery
TFL
|
-0.71735466 |
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)