Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.78909487 |
details, prediction |
Bitcoin
BTC
|
0.78539187 |
details, prediction |
Ethereum
ETH
|
0.7622347 |
details, prediction |
KuCoin Shares
KCS
|
0.6705041 |
details, prediction |
Monero
XMR
|
0.57660013 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.78716135 |
details, prediction |
Theta
THETA
|
0.7743704 |
details, prediction |
0x
ZRX
|
0.7454522 |
details, prediction |
iEx.ec
RLC
|
0.73882794 |
details, prediction |
Request Network
REQ
|
0.6529692 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.90054977 |
details, prediction |
Metal
MTL
|
0.8676709 |
details, prediction |
OPEN Platform
OPEN
|
0.8475393 |
details, prediction |
Bancor
BNT
|
0.6935895 |
details, prediction |
Storj
STORJ
|
0.64119166 |
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
|
Crypto.com Chain
CRO
|
-0.67071044 |
details, prediction |
Bitcoin Cash
BCH
|
-0.548049 |
details, prediction |
Cardano
ADA
|
-0.5409169 |
details, prediction |
Ethereum Classic
ETC
|
-0.07052771 |
details, prediction |
Binance Coin
BNB
|
-0.002371277 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.8078955 |
details, prediction |
Bitcoin Gold
BTG
|
-0.6868189 |
details, prediction |
Decred
DCR
|
-0.63826716 |
details, prediction |
Telcoin
TEL
|
-0.6369671 |
details, prediction |
Dai
DAI
|
-0.5647522 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.92451066 |
details, prediction |
Constellation
DAG
|
-0.8835317 |
details, prediction |
FunFair
FUN
|
-0.82495457 |
details, prediction |
Dero
DERO
|
-0.8130447 |
details, prediction |
Wanchain
WAN
|
-0.80402493 |
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)