Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.57378507 |
details, prediction |
Ethereum
ETH
|
0.5475248 |
details, prediction |
Bitcoin
BTC
|
0.54564905 |
details, prediction |
Cardano
ADA
|
0.5343935 |
details, prediction |
Binance Coin
BNB
|
0.51353925 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.63780254 |
details, prediction |
Bitcoin SV
BSV
|
0.5605515 |
details, prediction |
Theta
THETA
|
0.48431402 |
details, prediction |
Nexo
NEXO
|
0.46709973 |
details, prediction |
iEx.ec
RLC
|
0.46641493 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.7774552 |
details, prediction |
Bancor
BNT
|
0.5678251 |
details, prediction |
V Systems
VSYS
|
0.5234779 |
details, prediction |
Dent
DENT
|
0.41040888 |
details, prediction |
Gas
GAS
|
0.39875215 |
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
|
0.08924136 |
details, prediction |
Ethereum Classic
ETC
|
0.33118406 |
details, prediction |
ZCash
ZEC
|
0.34016636 |
details, prediction |
KuCoin Shares
KCS
|
0.40250373 |
details, prediction |
Litecoin
LTC
|
0.43775436 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.57380795 |
details, prediction |
Ravencoin
RVN
|
-0.36157542 |
details, prediction |
Waves
WAVES
|
-0.3293706 |
details, prediction |
Chiliz
CHZ
|
-0.310774 |
details, prediction |
Telcoin
TEL
|
-0.3065327 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
-0.594107 |
details, prediction |
Matrix AI Network
MAN
|
-0.4930714 |
details, prediction |
Storj
STORJ
|
-0.48042572 |
details, prediction |
ICON
ICX
|
-0.45092356 |
details, prediction |
NKN
NKN
|
-0.42416516 |
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)