Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.75263774 |
details, prediction |
Dogecoin
DOGE
|
0.6412948 |
details, prediction |
Ethereum Classic
ETC
|
0.6270519 |
details, prediction |
ZCash
ZEC
|
0.5745334 |
details, prediction |
Monero
XMR
|
0.44216862 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8742639 |
details, prediction |
Theta
THETA
|
0.8265603 |
details, prediction |
Basic Attention Token
BAT
|
0.7982592 |
details, prediction |
Horizen
ZEN
|
0.78622824 |
details, prediction |
Decentraland
MANA
|
0.75386536 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.82664794 |
details, prediction |
ICON
ICX
|
0.81556094 |
details, prediction |
Civic
CVC
|
0.78939813 |
details, prediction |
Bancor
BNT
|
0.76671624 |
details, prediction |
HEROcoin
PLAY
|
0.73882794 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that iEx.ec 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 iEx.ec
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.18902574 |
details, prediction |
Crypto.com Chain
CRO
|
-0.1583103 |
details, prediction |
TRON
TRX
|
0.038366754 |
details, prediction |
Ethereum
ETH
|
0.09948325 |
details, prediction |
Binance Coin
BNB
|
0.205731 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.56442606 |
details, prediction |
Bitcoin Gold
BTG
|
-0.5095835 |
details, prediction |
Dai
DAI
|
-0.40891913 |
details, prediction |
Verge
XVG
|
-0.25897932 |
details, prediction |
Telcoin
TEL
|
-0.21370193 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.6911649 |
details, prediction |
Constellation
DAG
|
-0.6738546 |
details, prediction |
Dent
DENT
|
-0.5779234 |
details, prediction |
Steem
STEEM
|
-0.43713206 |
details, prediction |
Matrix AI Network
MAN
|
-0.33356267 |
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)