Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.6524374 |
details, prediction |
Stellar
XLM
|
0.6060647 |
details, prediction |
Dogecoin
DOGE
|
0.56177 |
details, prediction |
Litecoin
LTC
|
0.54290026 |
details, prediction |
ZCash
ZEC
|
0.5233144 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.74507046 |
details, prediction |
Tezos
XTZ
|
0.6735452 |
details, prediction |
NEO
NEO
|
0.6716748 |
details, prediction |
Siacoin
SC
|
0.64748114 |
details, prediction |
Verge
XVG
|
0.6391464 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.6859907 |
details, prediction |
Power Ledger
POWR
|
0.6637237 |
details, prediction |
Civic
CVC
|
0.6191031 |
details, prediction |
Steem
STEEM
|
0.6127129 |
details, prediction |
Metal
MTL
|
0.5978395 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LAToken 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 LAToken
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.18343614 |
details, prediction |
Cardano
ADA
|
0.29795936 |
details, prediction |
Ethereum
ETH
|
0.39366814 |
details, prediction |
Monero
XMR
|
0.3976496 |
details, prediction |
ChainLink
LINK
|
0.41370073 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.45573533 |
details, prediction |
Ravencoin
RVN
|
-0.24507846 |
details, prediction |
DigiByte
DGB
|
-0.07550114 |
details, prediction |
USD//Coin
USDC
|
0.002897505 |
details, prediction |
True USD
TUSD
|
0.04275727 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6151575 |
details, prediction |
OPEN Platform
OPEN
|
-0.5558078 |
details, prediction |
HEROcoin
PLAY
|
-0.299053 |
details, prediction |
ICON
ICX
|
-0.24268144 |
details, prediction |
Matrix AI Network
MAN
|
-0.23955342 |
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)