Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.61953235 |
details, prediction |
ChainLink
LINK
|
0.5620323 |
details, prediction |
Bitcoin
BTC
|
0.5512156 |
details, prediction |
Litecoin
LTC
|
0.52182066 |
details, prediction |
Ethereum
ETH
|
0.50821376 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.6052153 |
details, prediction |
QTUM
QTUM
|
0.542414 |
details, prediction |
Horizen
ZEN
|
0.49246868 |
details, prediction |
Nexo
NEXO
|
0.48406938 |
details, prediction |
DigiByte
DGB
|
0.4491816 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.70969015 |
details, prediction |
Bancor
BNT
|
0.5417437 |
details, prediction |
Wanchain
WAN
|
0.41604054 |
details, prediction |
SysCoin
SYS
|
0.41102758 |
details, prediction |
Metal
MTL
|
0.3912243 |
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
|
Stellar
XLM
|
0.14476424 |
details, prediction |
Ethereum Classic
ETC
|
0.28574723 |
details, prediction |
TRON
TRX
|
0.33476958 |
details, prediction |
Bitcoin Cash
BCH
|
0.37269324 |
details, prediction |
KuCoin Shares
KCS
|
0.4127089 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.30578506 |
details, prediction |
True USD
TUSD
|
-0.2794241 |
details, prediction |
Dai
DAI
|
-0.23735932 |
details, prediction |
Waves
WAVES
|
-0.18538415 |
details, prediction |
aelf
ELF
|
-0.13215716 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.47815236 |
details, prediction |
Electroneum
ETN
|
-0.31875977 |
details, prediction |
NKN
NKN
|
-0.30790564 |
details, prediction |
Storj
STORJ
|
-0.22596751 |
details, prediction |
ICON
ICX
|
-0.2109358 |
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)