Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7122248 |
details, prediction |
Ethereum Classic
ETC
|
0.7084581 |
details, prediction |
UNUS SED LEO
LEO
|
0.6568612 |
details, prediction |
Monero
XMR
|
0.6398076 |
details, prediction |
Litecoin
LTC
|
0.6267831 |
details, prediction |
|
Second tier
|
AMO Coin
AMO
|
0.77908695 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.77186793 |
details, prediction |
Waves
WAVES
|
0.7260886 |
details, prediction |
OriginTrail
TRAC
|
0.7060338 |
details, prediction |
Metadium
META
|
0.7056089 |
details, prediction |
|
Third tier
|
CanYaCoin
CAN
|
0.83836824 |
details, prediction |
RevolutionVR
RVR
|
0.81459796 |
details, prediction |
CargoX
CXO
|
0.81404257 |
details, prediction |
FNB Protocol
FNB
|
0.80970347 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.80097276 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ZeitCoin 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 ZeitCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.75209886 |
details, prediction |
SONM
SNM
|
-0.515873 |
details, prediction |
Maker
MKR
|
-0.45998862 |
details, prediction |
TRON
TRX
|
-0.41924685 |
details, prediction |
XRP
XRP
|
-0.4010467 |
details, prediction |
|
Second tier
|
0x
ZRX
|
-0.8203556 |
details, prediction |
Basic Attention Token
BAT
|
-0.70235735 |
details, prediction |
Synthetix Network Token
SNX
|
-0.63992685 |
details, prediction |
iEx.ec
RLC
|
-0.62355196 |
details, prediction |
Request Network
REQ
|
-0.62337947 |
details, prediction |
|
Third tier
|
Tierion
TNT
|
-0.8159426 |
details, prediction |
Ripio
RCN
|
-0.76088506 |
details, prediction |
Ambrosus
AMB
|
-0.7264815 |
details, prediction |
StealthCoin
XST
|
-0.7226605 |
details, prediction |
Envion
EVN
|
-0.7135488 |
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)