Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.39769796 |
details, prediction |
KuCoin Shares
KCS
|
0.13199 |
details, prediction |
Stellar
XLM
|
0.10940832 |
details, prediction |
Bitcoin Cash
BCH
|
0.0025856805 |
details, prediction |
XRP
XRP
|
-0.12706892 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.49315915 |
details, prediction |
USD//Coin
USDC
|
0.45635676 |
details, prediction |
True USD
TUSD
|
0.4534526 |
details, prediction |
Ravencoin
RVN
|
0.4247884 |
details, prediction |
aelf
ELF
|
0.35483438 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.73176354 |
details, prediction |
Propy
PRO
|
0.52947694 |
details, prediction |
HEROcoin
PLAY
|
0.4692978 |
details, prediction |
Matrix AI Network
MAN
|
0.4633262 |
details, prediction |
Storj
STORJ
|
0.4169133 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Constellation 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 Constellation
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.32669243 |
details, prediction |
ZCash
ZEC
|
-0.30525902 |
details, prediction |
Binance Coin
BNB
|
-0.27797034 |
details, prediction |
Dogecoin
DOGE
|
-0.2014922 |
details, prediction |
ChainLink
LINK
|
-0.19978525 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
-0.33128917 |
details, prediction |
Verge
XVG
|
-0.32883537 |
details, prediction |
Ardor
ARDR
|
-0.3018552 |
details, prediction |
DASH
DASH
|
-0.30139238 |
details, prediction |
Vechain
VET
|
-0.29104823 |
details, prediction |
|
Third tier
|
Metal
MTL
|
-0.49424618 |
details, prediction |
IoTeX
IOTX
|
-0.40958118 |
details, prediction |
BABB
BAX
|
-0.38047034 |
details, prediction |
Lisk
LSK
|
-0.32190537 |
details, prediction |
QuarkChain
QKC
|
-0.31704348 |
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)