Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.9352696 |
details, prediction |
Crypto.com Chain
CRO
|
0.90325487 |
details, prediction |
Vechain
VET
|
0.8942831 |
details, prediction |
Fantom
FTM
|
0.8921278 |
details, prediction |
IOTA
IOT
|
0.8620959 |
details, prediction |
Second tier
|
AMO Coin
AMO
|
0.89515096 |
details, prediction |
Kyber Network
KNC
|
0.89349073 |
details, prediction |
Synthetix Network Token
SNX
|
0.8658906 |
details, prediction |
Ontology
ONT
|
0.8607745 |
details, prediction |
BitTorrent
BTT
|
0.8582977 |
details, prediction |
Third tier
|
Game
GTC
|
0.92509925 |
details, prediction |
Bancor
BNT
|
0.9248878 |
details, prediction |
FNKOS
FNKOS
|
0.9231301 |
details, prediction |
Omnitude
ECOM
|
0.9129494 |
details, prediction |
NovaCoin
NVC
|
0.90396434 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Zipper 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 Zipper
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.6992262 |
details, prediction |
Bitcoin SV
BSV
|
-0.5744481 |
details, prediction |
Bitcoin Cash
BCH
|
-0.2912765 |
details, prediction |
EOS
EOS
|
-0.28011382 |
details, prediction |
XRP
XRP
|
-0.24217917 |
details, prediction |
Second tier
|
BORA
BORA
|
-0.6776018 |
details, prediction |
DASH
DASH
|
-0.6512588 |
details, prediction |
HedgeTrade
HEDG
|
-0.6491918 |
details, prediction |
True USD
TUSD
|
-0.3304628 |
details, prediction |
Telcoin
TEL
|
-0.32077295 |
details, prediction |
Third tier
|
Polybius
PLBT
|
-0.9074746 |
details, prediction |
MOAC
MOAC
|
-0.8796682 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.8649894 |
details, prediction |
GAPS
GAP
|
-0.8304214 |
details, prediction |
Gulden
NLG
|
-0.7803032 |
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)