Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8185025 |
details, prediction |
KuCoin Shares
KCS
|
0.80472994 |
details, prediction |
Cardano
ADA
|
0.7755116 |
details, prediction |
Dogecoin
DOGE
|
0.75688565 |
details, prediction |
XRP
XRP
|
0.738084 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9225464 |
details, prediction |
Theta Fuel
TFUEL
|
0.92077625 |
details, prediction |
Siacoin
SC
|
0.91710216 |
details, prediction |
Request Network
REQ
|
0.9043846 |
details, prediction |
Ardor
ARDR
|
0.8831905 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.9490477 |
details, prediction |
Loopring
LRC
|
0.9380825 |
details, prediction |
Elastos
ELA
|
0.92578757 |
details, prediction |
Internet of Services
IOST
|
0.89374036 |
details, prediction |
Stox
STX
|
0.8887178 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Komodo 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 Komodo
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6872424 |
details, prediction |
UNUS SED LEO
LEO
|
0.048837774 |
details, prediction |
Stellar
XLM
|
0.4271115 |
details, prediction |
ChainLink
LINK
|
0.4314597 |
details, prediction |
Ethereum
ETH
|
0.5444543 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.23431641 |
details, prediction |
Dai
DAI
|
-0.18484484 |
details, prediction |
Nexo
NEXO
|
0.12805855 |
details, prediction |
True USD
TUSD
|
0.1642388 |
details, prediction |
USD//Coin
USDC
|
0.35916 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.48387 |
details, prediction |
Dent
DENT
|
-0.3374905 |
details, prediction |
NKN
NKN
|
-0.15235838 |
details, prediction |
OPEN Platform
OPEN
|
-0.13515222 |
details, prediction |
Propy
PRO
|
-0.04079668 |
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)