Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.5650435 |
details, prediction |
Bitcoin Cash
BCH
|
0.5476118 |
details, prediction |
Cardano
ADA
|
0.38219327 |
details, prediction |
XRP
XRP
|
0.31260908 |
details, prediction |
Ethereum Classic
ETC
|
0.2446526 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.79284924 |
details, prediction |
Decentraland
MANA
|
0.75213003 |
details, prediction |
QTUM
QTUM
|
0.7376276 |
details, prediction |
Ravencoin
RVN
|
0.7017229 |
details, prediction |
iEx.ec
RLC
|
0.69259506 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9399227 |
details, prediction |
LAToken
LA
|
0.8556715 |
details, prediction |
ICON
ICX
|
0.8372358 |
details, prediction |
Gas
GAS
|
0.81850564 |
details, prediction |
Power Ledger
POWR
|
0.8075941 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AdEx 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 AdEx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.94675547 |
details, prediction |
TRON
TRX
|
-0.39726672 |
details, prediction |
Binance Coin
BNB
|
-0.12806652 |
details, prediction |
Monero
XMR
|
-0.10310938 |
details, prediction |
ZCash
ZEC
|
-0.035395365 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.331907 |
details, prediction |
Dai
DAI
|
-0.28702223 |
details, prediction |
USD//Coin
USDC
|
-0.24067089 |
details, prediction |
OriginTrail
TRAC
|
-0.15465197 |
details, prediction |
True USD
TUSD
|
-0.064750366 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.4343858 |
details, prediction |
FunFair
FUN
|
-0.41622743 |
details, prediction |
NKN
NKN
|
-0.284638 |
details, prediction |
Constellation
DAG
|
-0.28045285 |
details, prediction |
Dent
DENT
|
-0.20594059 |
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)