Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.55643654 |
details, prediction |
Ethereum Classic
ETC
|
0.46402037 |
details, prediction |
Bitcoin Cash
BCH
|
0.38160846 |
details, prediction |
Cardano
ADA
|
0.37308896 |
details, prediction |
ZCash
ZEC
|
0.3545375 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.7893507 |
details, prediction |
Decentraland
MANA
|
0.77624536 |
details, prediction |
Vechain
VET
|
0.7441294 |
details, prediction |
iEx.ec
RLC
|
0.7152601 |
details, prediction |
Basic Attention Token
BAT
|
0.69248646 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.94347715 |
details, prediction |
ICON
ICX
|
0.8523704 |
details, prediction |
Power Ledger
POWR
|
0.84779793 |
details, prediction |
Gas
GAS
|
0.79339737 |
details, prediction |
Lisk
LSK
|
0.7218568 |
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
|
-0.3358769 |
details, prediction |
TRON
TRX
|
-0.221648 |
details, prediction |
Crypto.com Chain
CRO
|
-0.040940672 |
details, prediction |
Ethereum
ETH
|
0.035725933 |
details, prediction |
Litecoin
LTC
|
0.04487742 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.26494798 |
details, prediction |
Dai
DAI
|
-0.23589693 |
details, prediction |
USD//Coin
USDC
|
-0.19674914 |
details, prediction |
True USD
TUSD
|
-0.04855646 |
details, prediction |
Bitcoin Gold
BTG
|
2.835441E-4 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.4482358 |
details, prediction |
Dent
DENT
|
-0.39933404 |
details, prediction |
FunFair
FUN
|
-0.39878514 |
details, prediction |
Steem
STEEM
|
-0.36206067 |
details, prediction |
V Systems
VSYS
|
-0.35131735 |
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)