Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.96890587 |
details, prediction |
Ethereum Classic
ETC
|
0.9557551 |
details, prediction |
ZCash
ZEC
|
0.9480756 |
details, prediction |
Cardano
ADA
|
0.9397355 |
details, prediction |
KuCoin Shares
KCS
|
0.9264819 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.986895 |
details, prediction |
Request Network
REQ
|
0.9866264 |
details, prediction |
Waves
WAVES
|
0.9851613 |
details, prediction |
iEx.ec
RLC
|
0.9842519 |
details, prediction |
Bitcoin Gold
BTG
|
0.9820042 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.98933095 |
details, prediction |
Internet of Services
IOST
|
0.98646814 |
details, prediction |
IoTeX
IOTX
|
0.98415107 |
details, prediction |
PIVX
PIVX
|
0.98027545 |
details, prediction |
Storj
STORJ
|
0.9779984 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Status 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 Status
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6590414 |
details, prediction |
UNUS SED LEO
LEO
|
-0.019178076 |
details, prediction |
Binance Coin
BNB
|
0.6866143 |
details, prediction |
Dogecoin
DOGE
|
0.7792144 |
details, prediction |
ChainLink
LINK
|
0.7955139 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.43872574 |
details, prediction |
Dai
DAI
|
-0.35616595 |
details, prediction |
True USD
TUSD
|
0.2235624 |
details, prediction |
Nexo
NEXO
|
0.3382468 |
details, prediction |
Verge
XVG
|
0.4431817 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.33568013 |
details, prediction |
Ontology
ONT
|
-0.16809961 |
details, prediction |
Propy
PRO
|
0.034666616 |
details, prediction |
BABB
BAX
|
0.25720978 |
details, prediction |
NKN
NKN
|
0.25924054 |
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)