Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.91344833 |
details, prediction |
Litecoin
LTC
|
0.8885487 |
details, prediction |
Ethereum Classic
ETC
|
0.8582746 |
details, prediction |
Binance Coin
BNB
|
0.8441156 |
details, prediction |
ChainLink
LINK
|
0.8294595 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.92350006 |
details, prediction |
Verge
XVG
|
0.90561485 |
details, prediction |
0x
ZRX
|
0.90277386 |
details, prediction |
Horizen
ZEN
|
0.89799464 |
details, prediction |
QTUM
QTUM
|
0.8937794 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.8924104 |
details, prediction |
Steem
STEEM
|
0.8874243 |
details, prediction |
Metal
MTL
|
0.87675786 |
details, prediction |
Stox
STX
|
0.87350816 |
details, prediction |
Power Ledger
POWR
|
0.85961217 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QuarkChain 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 QuarkChain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.103430286 |
details, prediction |
KuCoin Shares
KCS
|
0.42918175 |
details, prediction |
Stellar
XLM
|
0.597698 |
details, prediction |
Bitcoin Cash
BCH
|
0.73594934 |
details, prediction |
XRP
XRP
|
0.78429216 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.7257838 |
details, prediction |
USD//Coin
USDC
|
-0.5635984 |
details, prediction |
True USD
TUSD
|
-0.53638303 |
details, prediction |
aelf
ELF
|
-0.18259056 |
details, prediction |
Telcoin
TEL
|
-0.07847411 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.68345976 |
details, prediction |
OPEN Platform
OPEN
|
-0.64443344 |
details, prediction |
Matrix AI Network
MAN
|
-0.64401907 |
details, prediction |
Storj
STORJ
|
-0.58958286 |
details, prediction |
NKN
NKN
|
-0.5600957 |
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)