Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.546362 |
details, prediction |
KuCoin Shares
KCS
|
0.44407642 |
details, prediction |
Ethereum Classic
ETC
|
0.37268537 |
details, prediction |
Bitcoin Cash
BCH
|
0.2954751 |
details, prediction |
Dogecoin
DOGE
|
0.185906 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.74209815 |
details, prediction |
Basic Attention Token
BAT
|
0.72954327 |
details, prediction |
Telcoin
TEL
|
0.6983702 |
details, prediction |
Waves
WAVES
|
0.65850914 |
details, prediction |
Synthetix Network Token
SNX
|
0.6221123 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.71282446 |
details, prediction |
PIVX
PIVX
|
0.7054293 |
details, prediction |
SwftCoin
SWFTC
|
0.5910639 |
details, prediction |
Storj
STORJ
|
0.5162022 |
details, prediction |
Internet of Services
IOST
|
0.49418217 |
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
|
Monero
XMR
|
-0.22604637 |
details, prediction |
Ethereum
ETH
|
-0.1419466 |
details, prediction |
Binance Coin
BNB
|
-0.10394614 |
details, prediction |
ChainLink
LINK
|
-0.08296489 |
details, prediction |
Cardano
ADA
|
-0.06997253 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.4955304 |
details, prediction |
Decred
DCR
|
-0.115071245 |
details, prediction |
Bitcoin Gold
BTG
|
-0.055815652 |
details, prediction |
OriginTrail
TRAC
|
0.036988825 |
details, prediction |
Bitcoin SV
BSV
|
0.04763419 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.24767 |
details, prediction |
OPEN Platform
OPEN
|
-0.19385059 |
details, prediction |
AdEx
ADX
|
-0.14069672 |
details, prediction |
Lisk
LSK
|
-0.13798136 |
details, prediction |
Dent
DENT
|
-0.12960674 |
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)