Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8559157 |
details, prediction |
Bitcoin Cash
BCH
|
0.8415988 |
details, prediction |
Bitcoin
BTC
|
0.837635 |
details, prediction |
Monero
XMR
|
0.83545184 |
details, prediction |
Ethereum Classic
ETC
|
0.8139625 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.94254225 |
details, prediction |
Siacoin
SC
|
0.9361781 |
details, prediction |
Bitcoin Gold
BTG
|
0.9334721 |
details, prediction |
Request Network
REQ
|
0.9125315 |
details, prediction |
Tezos
XTZ
|
0.91130215 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9648718 |
details, prediction |
Komodo
KMD
|
0.9490477 |
details, prediction |
IoTeX
IOTX
|
0.92406 |
details, prediction |
Stox
STX
|
0.92067474 |
details, prediction |
SysCoin
SYS
|
0.9191167 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chronobank 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 Chronobank
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7133779 |
details, prediction |
UNUS SED LEO
LEO
|
-0.12957683 |
details, prediction |
ChainLink
LINK
|
0.61998856 |
details, prediction |
Stellar
XLM
|
0.6845023 |
details, prediction |
Binance Coin
BNB
|
0.70149857 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.27787444 |
details, prediction |
Decred
DCR
|
-0.16258594 |
details, prediction |
True USD
TUSD
|
0.1483812 |
details, prediction |
Nexo
NEXO
|
0.27174357 |
details, prediction |
Verge
XVG
|
0.5117172 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5612088 |
details, prediction |
Dent
DENT
|
-0.17617851 |
details, prediction |
NKN
NKN
|
-0.029032111 |
details, prediction |
OPEN Platform
OPEN
|
0.06182386 |
details, prediction |
Propy
PRO
|
0.08564875 |
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)