Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.5911196 |
details, prediction |
Monero
XMR
|
0.45963135 |
details, prediction |
Bitcoin
BTC
|
0.45781004 |
details, prediction |
ZCash
ZEC
|
0.40341905 |
details, prediction |
ChainLink
LINK
|
0.36640996 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.67720205 |
details, prediction |
0x
ZRX
|
0.6619657 |
details, prediction |
Ravencoin
RVN
|
0.65370053 |
details, prediction |
iEx.ec
RLC
|
0.586175 |
details, prediction |
Cosmos
ATOM
|
0.5595686 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.78716135 |
details, prediction |
OPEN Platform
OPEN
|
0.67643154 |
details, prediction |
Metal
MTL
|
0.5940676 |
details, prediction |
Bancor
BNT
|
0.5710372 |
details, prediction |
Enjin Coin
ENJ
|
0.5702259 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chiliz 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 Chiliz
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.48077852 |
details, prediction |
Cardano
ADA
|
-0.07111927 |
details, prediction |
Bitcoin Cash
BCH
|
0.078867815 |
details, prediction |
Binance Coin
BNB
|
0.1777183 |
details, prediction |
Stellar
XLM
|
0.21460031 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5817828 |
details, prediction |
Verge
XVG
|
-0.5597719 |
details, prediction |
Telcoin
TEL
|
-0.3781446 |
details, prediction |
Dai
DAI
|
-0.3690912 |
details, prediction |
DigiByte
DGB
|
-0.30895728 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.84314436 |
details, prediction |
BABB
BAX
|
-0.6086611 |
details, prediction |
Wanchain
WAN
|
-0.5213434 |
details, prediction |
FunFair
FUN
|
-0.5031868 |
details, prediction |
Matrix AI Network
MAN
|
-0.5006866 |
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)