Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7944904 |
details, prediction |
KuCoin Shares
KCS
|
0.6757168 |
details, prediction |
Cardano
ADA
|
0.6529284 |
details, prediction |
Ethereum Classic
ETC
|
0.48537156 |
details, prediction |
Dogecoin
DOGE
|
0.3806388 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.95671785 |
details, prediction |
Decentraland
MANA
|
0.9255683 |
details, prediction |
Vechain
VET
|
0.91838676 |
details, prediction |
Status
SNT
|
0.85573363 |
details, prediction |
Waves
WAVES
|
0.8512428 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9119747 |
details, prediction |
ARK
ARK
|
0.8970394 |
details, prediction |
Civic
CVC
|
0.88141185 |
details, prediction |
Internet of Services
IOST
|
0.8784011 |
details, prediction |
ICON
ICX
|
0.8666247 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Basic Attention Token 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 Basic Attention Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.4915062 |
details, prediction |
Ethereum
ETH
|
-0.36410585 |
details, prediction |
Stellar
XLM
|
-0.17710158 |
details, prediction |
Bitcoin
BTC
|
-0.07051033 |
details, prediction |
Litecoin
LTC
|
0.006525176 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.28776485 |
details, prediction |
Bitcoin SV
BSV
|
-0.17709622 |
details, prediction |
Dai
DAI
|
-0.077827096 |
details, prediction |
Bitcoin Gold
BTG
|
-0.076918714 |
details, prediction |
Algorand
ALGO
|
-0.05439338 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6067884 |
details, prediction |
Steem
STEEM
|
-0.50729996 |
details, prediction |
Ontology
ONT
|
-0.47393984 |
details, prediction |
BABB
BAX
|
-0.28594545 |
details, prediction |
NKN
NKN
|
-0.27259007 |
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)