Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.28395376 |
details, prediction |
KuCoin Shares
KCS
|
-0.09360381 |
details, prediction |
Bitcoin Cash
BCH
|
-0.19755992 |
details, prediction |
XRP
XRP
|
-0.2968346 |
details, prediction |
Stellar
XLM
|
-0.30191943 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.77305496 |
details, prediction |
USD//Coin
USDC
|
0.51312876 |
details, prediction |
Ravencoin
RVN
|
0.509433 |
details, prediction |
True USD
TUSD
|
0.49912468 |
details, prediction |
aelf
ELF
|
0.11396382 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.51437914 |
details, prediction |
Constellation
DAG
|
0.4692978 |
details, prediction |
V Systems
VSYS
|
0.37760845 |
details, prediction |
OPEN Platform
OPEN
|
0.37560272 |
details, prediction |
ICON
ICX
|
0.31334552 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HEROcoin 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 HEROcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.58668745 |
details, prediction |
Binance Coin
BNB
|
-0.41066417 |
details, prediction |
Ethereum Classic
ETC
|
-0.40698636 |
details, prediction |
Litecoin
LTC
|
-0.38307598 |
details, prediction |
Monero
XMR
|
-0.37238705 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
-0.6071246 |
details, prediction |
Tezos
XTZ
|
-0.60189545 |
details, prediction |
Horizen
ZEN
|
-0.58926016 |
details, prediction |
DASH
DASH
|
-0.555226 |
details, prediction |
Verge
XVG
|
-0.53497946 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
-0.66618544 |
details, prediction |
Power Ledger
POWR
|
-0.6625751 |
details, prediction |
Kyber Network
KNC
|
-0.6276553 |
details, prediction |
Civic
CVC
|
-0.61749303 |
details, prediction |
Internet of Services
IOST
|
-0.5833967 |
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)