Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.4892482 |
details, prediction |
Bitcoin
BTC
|
0.47785214 |
details, prediction |
ChainLink
LINK
|
0.47663832 |
details, prediction |
Ethereum
ETH
|
0.44767553 |
details, prediction |
Cardano
ADA
|
0.43841338 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.5462437 |
details, prediction |
QTUM
QTUM
|
0.45028713 |
details, prediction |
DigiByte
DGB
|
0.44168895 |
details, prediction |
Nexo
NEXO
|
0.4380561 |
details, prediction |
Bitcoin SV
BSV
|
0.4127083 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.72021425 |
details, prediction |
Bancor
BNT
|
0.49016207 |
details, prediction |
SysCoin
SYS
|
0.3954016 |
details, prediction |
Wanchain
WAN
|
0.37534583 |
details, prediction |
Metal
MTL
|
0.34273157 |
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
|
0.07872681 |
details, prediction |
Ethereum Classic
ETC
|
0.20019567 |
details, prediction |
TRON
TRX
|
0.29201263 |
details, prediction |
ZCash
ZEC
|
0.30345815 |
details, prediction |
Bitcoin Cash
BCH
|
0.35497734 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.3555784 |
details, prediction |
Status
SNT
|
-0.2644849 |
details, prediction |
Basic Attention Token
BAT
|
-0.2268755 |
details, prediction |
Ravencoin
RVN
|
-0.2132306 |
details, prediction |
Zilliqa
ZIL
|
-0.20255402 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.42683482 |
details, prediction |
Dero
DERO
|
-0.40948358 |
details, prediction |
Electroneum
ETN
|
-0.324256 |
details, prediction |
NKN
NKN
|
-0.32102937 |
details, prediction |
Storj
STORJ
|
-0.31094667 |
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)