Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.7396452 |
details, prediction |
ZCash
ZEC
|
0.6449785 |
details, prediction |
Ethereum
ETH
|
0.6276544 |
details, prediction |
Bitcoin
BTC
|
0.54414505 |
details, prediction |
Dogecoin
DOGE
|
0.49275914 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.75263774 |
details, prediction |
Ravencoin
RVN
|
0.6908217 |
details, prediction |
Basic Attention Token
BAT
|
0.6757168 |
details, prediction |
DASH
DASH
|
0.66228056 |
details, prediction |
Horizen
ZEN
|
0.62523305 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.72195596 |
details, prediction |
HEROcoin
PLAY
|
0.6705041 |
details, prediction |
ICON
ICX
|
0.5971185 |
details, prediction |
Bancor
BNT
|
0.5875941 |
details, prediction |
Gas
GAS
|
0.57527226 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that KuCoin Shares 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 KuCoin Shares
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
-0.17942029 |
details, prediction |
Crypto.com Chain
CRO
|
-0.06041869 |
details, prediction |
Bitcoin Cash
BCH
|
0.09685747 |
details, prediction |
Stellar
XLM
|
0.20136113 |
details, prediction |
XRP
XRP
|
0.27343908 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.5532261 |
details, prediction |
Decred
DCR
|
-0.4747561 |
details, prediction |
Verge
XVG
|
-0.36596945 |
details, prediction |
Dai
DAI
|
-0.3054497 |
details, prediction |
DigiByte
DGB
|
-0.3003493 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.78205925 |
details, prediction |
Dent
DENT
|
-0.61288077 |
details, prediction |
Wanchain
WAN
|
-0.5441608 |
details, prediction |
Constellation
DAG
|
-0.53123844 |
details, prediction |
Dero
DERO
|
-0.5049083 |
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)