Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.84219354 |
details, prediction |
Litecoin
LTC
|
0.8253069 |
details, prediction |
Bitcoin
BTC
|
0.8181315 |
details, prediction |
ChainLink
LINK
|
0.81021196 |
details, prediction |
Cardano
ADA
|
0.7918947 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.8723114 |
details, prediction |
Theta
THETA
|
0.8685719 |
details, prediction |
Horizen
ZEN
|
0.8371651 |
details, prediction |
0x
ZRX
|
0.8367354 |
details, prediction |
QTUM
QTUM
|
0.83238983 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.92585844 |
details, prediction |
Enjin Coin
ENJ
|
0.82375526 |
details, prediction |
Lisk
LSK
|
0.81688976 |
details, prediction |
Gas
GAS
|
0.8051451 |
details, prediction |
ARK
ARK
|
0.7990006 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AdEx 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 AdEx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.33464092 |
details, prediction |
TRON
TRX
|
0.14952293 |
details, prediction |
ZCash
ZEC
|
0.4877387 |
details, prediction |
KuCoin Shares
KCS
|
0.53553414 |
details, prediction |
Monero
XMR
|
0.6488337 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8969695 |
details, prediction |
USD//Coin
USDC
|
-0.7976138 |
details, prediction |
True USD
TUSD
|
-0.22753462 |
details, prediction |
Crypto.com Chain
CRO
|
0.28270215 |
details, prediction |
DigiByte
DGB
|
0.29056737 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.14431487 |
details, prediction |
Propy
PRO
|
-0.092228636 |
details, prediction |
Phantasma
SOUL
|
0.03267925 |
details, prediction |
NKN
NKN
|
0.13772248 |
details, prediction |
BABB
BAX
|
0.21417733 |
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)