Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.95181006 |
details, prediction |
Ethereum
ETH
|
0.9317587 |
details, prediction |
UNUS SED LEO
LEO
|
0.9237322 |
details, prediction |
Ethereum Classic
ETC
|
0.91156244 |
details, prediction |
IOTA
IOT
|
0.8976714 |
details, prediction |
Second tier
|
DASH
DASH
|
0.9675713 |
details, prediction |
BitTorrent
BTT
|
0.9567833 |
details, prediction |
ICON
ICX
|
0.955545 |
details, prediction |
ZCash
ZEC
|
0.94006777 |
details, prediction |
Loopring
LRC
|
0.93549544 |
details, prediction |
Third tier
|
Experience Points
XP
|
0.9867857 |
details, prediction |
Genaro Network
GNX
|
0.98041165 |
details, prediction |
Mithril
MITH
|
0.9682211 |
details, prediction |
Walton
WTC
|
0.9638546 |
details, prediction |
QunQun
QUN
|
0.9551254 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Zilla 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 Zilla
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.7261699 |
details, prediction |
Cosmos
ATOM
|
-0.59612674 |
details, prediction |
Vechain
VET
|
-0.4531472 |
details, prediction |
Matic Network
MATIC
|
-0.42924112 |
details, prediction |
Chiliz
CHZ
|
-0.12203513 |
details, prediction |
Second tier
|
FTX Token
FTT
|
-0.85668004 |
details, prediction |
Synthetix Network Token
SNX
|
-0.7473519 |
details, prediction |
Horizen
ZEN
|
-0.6780712 |
details, prediction |
HedgeTrade
HEDG
|
-0.66310906 |
details, prediction |
Digix DAO
DGD
|
-0.63207316 |
details, prediction |
Third tier
|
Blockport
BPT
|
-0.8566688 |
details, prediction |
Seele
SEELE
|
-0.74601036 |
details, prediction |
BABB
BAX
|
-0.71334714 |
details, prediction |
Cryptonex
CNX
|
-0.68645304 |
details, prediction |
BaaSid
BAAS
|
-0.6827914 |
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)