Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.3575289 |
details, prediction |
Monero
XMR
|
0.3160695 |
details, prediction |
Fantom
FTM
|
0.3067804 |
details, prediction |
Cardano
ADA
|
0.29147536 |
details, prediction |
ChainLink
LINK
|
0.28876227 |
details, prediction |
Second tier
|
ARK
ARK
|
0.39356807 |
details, prediction |
FTX Token
FTT
|
0.33683133 |
details, prediction |
Ravencoin
RVN
|
0.33621943 |
details, prediction |
Status
SNT
|
0.32286492 |
details, prediction |
Polymath Network
POLY
|
0.32252225 |
details, prediction |
Third tier
|
Yggdrash
YEED
|
0.6111984 |
details, prediction |
Tidex Token
TDX
|
0.5163627 |
details, prediction |
Blue Whale
BWX
|
0.4323976 |
details, prediction |
Energi
NRG
|
0.42612457 |
details, prediction |
PutinCoin
PUTIN
|
0.4006835 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ZrCoin 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 ZrCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.13453014 |
details, prediction |
Matic Network
MATIC
|
-0.12945123 |
details, prediction |
UNUS SED LEO
LEO
|
-0.0911797 |
details, prediction |
Crypto.com Chain
CRO
|
-0.042077336 |
details, prediction |
KuCoin Shares
KCS
|
-0.0048988555 |
details, prediction |
Second tier
|
GXShares
GXS
|
-0.2241554 |
details, prediction |
Cortex
CTXC
|
-0.21487373 |
details, prediction |
True USD
TUSD
|
-0.14755623 |
details, prediction |
Paxos Standard
PAX
|
-0.122480385 |
details, prediction |
Dai
DAI
|
-0.101349905 |
details, prediction |
Third tier
|
GlitzKoin
GTN
|
-0.28663057 |
details, prediction |
StealthCoin
XST
|
-0.25892144 |
details, prediction |
Nuls
NULS
|
-0.24350369 |
details, prediction |
NovaCoin
NVC
|
-0.24269785 |
details, prediction |
Mobius
MOBI
|
-0.23543888 |
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)