Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.90710443 |
details, prediction |
Cardano
ADA
|
0.8869791 |
details, prediction |
Bitcoin Cash
BCH
|
0.7861919 |
details, prediction |
Dogecoin
DOGE
|
0.7788627 |
details, prediction |
XRP
XRP
|
0.6702722 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.97536594 |
details, prediction |
Theta Fuel
TFUEL
|
0.9530958 |
details, prediction |
Bitcoin Gold
BTG
|
0.9010196 |
details, prediction |
Telcoin
TEL
|
0.8959598 |
details, prediction |
Siacoin
SC
|
0.88890135 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9616213 |
details, prediction |
IoTeX
IOTX
|
0.9261749 |
details, prediction |
Internet of Services
IOST
|
0.9197498 |
details, prediction |
Komodo
KMD
|
0.89812905 |
details, prediction |
ARK
ARK
|
0.8754136 |
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
|
TRON
TRX
|
-0.87794155 |
details, prediction |
ZCash
ZEC
|
-0.23451442 |
details, prediction |
Ethereum
ETH
|
-0.12564397 |
details, prediction |
KuCoin Shares
KCS
|
-0.023900535 |
details, prediction |
Bitcoin
BTC
|
0.047198642 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.64424205 |
details, prediction |
USD//Coin
USDC
|
-0.48884124 |
details, prediction |
Algorand
ALGO
|
-0.40745208 |
details, prediction |
Bitcoin SV
BSV
|
-0.29070136 |
details, prediction |
Dai
DAI
|
-0.27154413 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.8171447 |
details, prediction |
Ontology
ONT
|
-0.75230885 |
details, prediction |
NKN
NKN
|
-0.54137176 |
details, prediction |
HEROcoin
PLAY
|
-0.3955582 |
details, prediction |
Metal
MTL
|
-0.3898414 |
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)