Highly correlated currencies

Coin	Correlation	Links
First tier
ChainLinkLINK	0.91371	details, prediction
OmiseGoOMG	0.89258724	details, prediction
FantomFTM	0.8688278	details, prediction
TRONTRX	0.8626348	details, prediction
Republic protocolREN	0.83415836	details, prediction
Second tier
ElectroneumETN	0.93881047	details, prediction
LoopringLRC	0.93254256	details, prediction
PopulousPPT	0.92802376	details, prediction
MainframeMFT	0.91384584	details, prediction
BytomBTM	0.90366596	details, prediction
Third tier
ChangeCAG	0.9767214	details, prediction
SmartMeshSMT	0.9673349	details, prediction
TenXPAY	0.9647114	details, prediction
CopytrackCPY	0.9503977	details, prediction
UniversaUTNP	0.9502701	details, prediction

This report should be leaned to get most info about heading trends. It means that TeslaCoin 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, Ethereumand Ripple, so the prediction of their prices will affect the price of TeslaCoin

Low correlated currencies

Coin	Correlation	Links
First tier
Binance CoinBNB	-0.6726213	details, prediction
TezosXTZ	-0.5879321	details, prediction
NexoNEXO	-0.22832821	details, prediction
Enjin CoinENJ	-0.22117734	details, prediction
HoloTokenHOT	-0.069958694	details, prediction
Second tier
DaiDAI	-0.7603025	details, prediction
Basic Attention TokenBAT	-0.608088	details, prediction
Digix DAODGD	-0.5748952	details, prediction
MonaCoinMONA	-0.5668026	details, prediction
TelcoinTEL	-0.32244363	details, prediction
Third tier
Token as a ServiceTAAS	-0.715716	details, prediction
EnvionEVN	-0.6993936	details, prediction
Eternal tokenXET	-0.64755595	details, prediction
Buggyra Coin ZeroBCZERO	-0.6140407	details, prediction
GolosGOLOS	-0.6108377	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)