Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.067974776 |
details, prediction |
TRON
TRX
|
-0.07585368 |
details, prediction |
KuCoin Shares
KCS
|
-0.21700029 |
details, prediction |
Bitcoin Cash
BCH
|
-0.4459646 |
details, prediction |
Ethereum Classic
ETC
|
-0.49611628 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8302149 |
details, prediction |
USD//Coin
USDC
|
0.7364991 |
details, prediction |
aelf
ELF
|
0.72528356 |
details, prediction |
True USD
TUSD
|
0.7036479 |
details, prediction |
Bitcoin Gold
BTG
|
0.5409037 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.93728673 |
details, prediction |
Storj
STORJ
|
0.83652514 |
details, prediction |
NKN
NKN
|
0.79816216 |
details, prediction |
PIVX
PIVX
|
0.79547596 |
details, prediction |
OPEN Platform
OPEN
|
0.65278715 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matrix AI 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 Matrix AI Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.90419066 |
details, prediction |
Binance Coin
BNB
|
-0.88064367 |
details, prediction |
Ethereum
ETH
|
-0.8793827 |
details, prediction |
ChainLink
LINK
|
-0.859186 |
details, prediction |
Bitcoin
BTC
|
-0.83859307 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
-0.7972114 |
details, prediction |
Horizen
ZEN
|
-0.7820181 |
details, prediction |
Vechain
VET
|
-0.7635316 |
details, prediction |
Theta
THETA
|
-0.7591892 |
details, prediction |
Decred
DCR
|
-0.7290375 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.80699116 |
details, prediction |
Bancor
BNT
|
-0.75068897 |
details, prediction |
Stox
STX
|
-0.7292336 |
details, prediction |
Metal
MTL
|
-0.700105 |
details, prediction |
Ontology
ONT
|
-0.6890531 |
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)