Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.7734117 |
details, prediction |
Bitcoin Cash
BCH
|
0.4550437 |
details, prediction |
XRP
XRP
|
-0.06983936 |
details, prediction |
Stellar
XLM
|
-0.0915935 |
details, prediction |
UNUS SED LEO
LEO
|
-0.113518365 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.7130408 |
details, prediction |
True USD
TUSD
|
0.31795534 |
details, prediction |
Decred
DCR
|
0.0468309 |
details, prediction |
Nexo
NEXO
|
-0.22653022 |
details, prediction |
Verge
XVG
|
-0.23047912 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.50528765 |
details, prediction |
HEROcoin
PLAY
|
0.23572549 |
details, prediction |
NKN
NKN
|
0.21823452 |
details, prediction |
Dero
DERO
|
0.11143748 |
details, prediction |
Dent
DENT
|
0.007429986 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TRON 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 TRON
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.81132567 |
details, prediction |
Cardano
ADA
|
-0.7061835 |
details, prediction |
ChainLink
LINK
|
-0.6684259 |
details, prediction |
Ethereum Classic
ETC
|
-0.6275289 |
details, prediction |
KuCoin Shares
KCS
|
-0.5724258 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
-0.7450907 |
details, prediction |
Telcoin
TEL
|
-0.7273365 |
details, prediction |
Theta Fuel
TFUEL
|
-0.72460055 |
details, prediction |
Theta
THETA
|
-0.71669316 |
details, prediction |
Siacoin
SC
|
-0.7132991 |
details, prediction |
|
Third tier
|
NEM
XEM
|
-0.82122993 |
details, prediction |
Matrix AI Network
MAN
|
-0.74993175 |
details, prediction |
Stox
STX
|
-0.71393466 |
details, prediction |
Chronobank
TIME
|
-0.7133779 |
details, prediction |
Loopring
LRC
|
-0.71201116 |
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)