Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9598873 |
details, prediction |
Ethereum Classic
ETC
|
0.95879483 |
details, prediction |
Dogecoin
DOGE
|
0.9510707 |
details, prediction |
Cardano
ADA
|
0.9412412 |
details, prediction |
XRP
XRP
|
0.92696524 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.9580287 |
details, prediction |
NEO
NEO
|
0.9412807 |
details, prediction |
Zilliqa
ZIL
|
0.9348106 |
details, prediction |
Horizen
ZEN
|
0.93397635 |
details, prediction |
iEx.ec
RLC
|
0.92521423 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9320669 |
details, prediction |
Storj
STORJ
|
0.9308158 |
details, prediction |
Elastos
ELA
|
0.92742884 |
details, prediction |
Civic
CVC
|
0.92389274 |
details, prediction |
Kyber Network
KNC
|
0.92119396 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Stox 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 Stox
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.39228773 |
details, prediction |
ZCash
ZEC
|
0.043755986 |
details, prediction |
TRON
TRX
|
0.46795428 |
details, prediction |
Monero
XMR
|
0.70227605 |
details, prediction |
Binance Coin
BNB
|
0.8048164 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.488147 |
details, prediction |
True USD
TUSD
|
-0.45935726 |
details, prediction |
Dai
DAI
|
-0.3626024 |
details, prediction |
Telcoin
TEL
|
0.104087785 |
details, prediction |
OriginTrail
TRAC
|
0.14359383 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.41782558 |
details, prediction |
FunFair
FUN
|
-0.16393064 |
details, prediction |
OPEN Platform
OPEN
|
0.028262354 |
details, prediction |
V Systems
VSYS
|
0.05439401 |
details, prediction |
Propy
PRO
|
0.13465346 |
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)