Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7044877 |
details, prediction |
Dogecoin
DOGE
|
0.44677973 |
details, prediction |
Cardano
ADA
|
0.40741628 |
details, prediction |
Ethereum Classic
ETC
|
0.35043615 |
details, prediction |
KuCoin Shares
KCS
|
0.25149268 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.76698565 |
details, prediction |
Zilliqa
ZIL
|
0.72815174 |
details, prediction |
Waves
WAVES
|
0.708468 |
details, prediction |
iEx.ec
RLC
|
0.69349974 |
details, prediction |
Vechain
VET
|
0.6490582 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.7644192 |
details, prediction |
Civic
CVC
|
0.67607 |
details, prediction |
IoTeX
IOTX
|
0.67215127 |
details, prediction |
Loopring
LRC
|
0.6667521 |
details, prediction |
ARK
ARK
|
0.6436374 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kyber Network 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 Kyber Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
-0.41162086 |
details, prediction |
TRON
TRX
|
-0.24983257 |
details, prediction |
Stellar
XLM
|
-0.19522177 |
details, prediction |
Bitcoin
BTC
|
-0.1129444 |
details, prediction |
Litecoin
LTC
|
-0.0756744 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.45244992 |
details, prediction |
Bitcoin SV
BSV
|
-0.28115863 |
details, prediction |
Algorand
ALGO
|
-0.14253962 |
details, prediction |
DigiByte
DGB
|
-0.05132627 |
details, prediction |
OriginTrail
TRAC
|
0.01305825 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
-0.6008891 |
details, prediction |
V Systems
VSYS
|
-0.42899638 |
details, prediction |
Ontology
ONT
|
-0.4067151 |
details, prediction |
BABB
BAX
|
-0.36504918 |
details, prediction |
Propy
PRO
|
-0.14820693 |
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)