Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.68127775 |
details, prediction |
Binance Coin
BNB
|
0.5946881 |
details, prediction |
Dogecoin
DOGE
|
0.55416423 |
details, prediction |
XRP
XRP
|
0.5308415 |
details, prediction |
Stellar
XLM
|
0.4914475 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.69700193 |
details, prediction |
Cosmos
ATOM
|
0.5785018 |
details, prediction |
Theta Fuel
TFUEL
|
0.56493 |
details, prediction |
Tezos
XTZ
|
0.5551325 |
details, prediction |
Chiliz
CHZ
|
0.52973765 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.69988436 |
details, prediction |
IoTeX
IOTX
|
0.6011239 |
details, prediction |
Enjin Coin
ENJ
|
0.5243018 |
details, prediction |
LAToken
LA
|
0.5184027 |
details, prediction |
Stox
STX
|
0.51450497 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kambria 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 Kambria
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.41502705 |
details, prediction |
Crypto.com Chain
CRO
|
-0.110119686 |
details, prediction |
Cardano
ADA
|
-0.058569305 |
details, prediction |
KuCoin Shares
KCS
|
0.090727486 |
details, prediction |
Ethereum Classic
ETC
|
0.10147482 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.51127815 |
details, prediction |
Dai
DAI
|
-0.3827094 |
details, prediction |
QTUM
QTUM
|
-0.30060402 |
details, prediction |
Telcoin
TEL
|
-0.2644002 |
details, prediction |
USD//Coin
USDC
|
-0.24452016 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.6059895 |
details, prediction |
Phantasma
SOUL
|
-0.5687017 |
details, prediction |
PIVX
PIVX
|
-0.4813596 |
details, prediction |
SysCoin
SYS
|
-0.46925202 |
details, prediction |
Dent
DENT
|
-0.4388831 |
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)