Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.8803642 |
details, prediction |
Bitcoin Cash
BCH
|
0.8434235 |
details, prediction |
Litecoin
LTC
|
0.81432545 |
details, prediction |
KuCoin Shares
KCS
|
0.80828 |
details, prediction |
XRP
XRP
|
0.7699719 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.90122736 |
details, prediction |
Bitcoin SV
BSV
|
0.89222467 |
details, prediction |
aelf
ELF
|
0.88911957 |
details, prediction |
Ravencoin
RVN
|
0.8772202 |
details, prediction |
Decentraland
MANA
|
0.8602977 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.96877474 |
details, prediction |
Lisk
LSK
|
0.9068865 |
details, prediction |
QuarkChain
QKC
|
0.8958923 |
details, prediction |
Gas
GAS
|
0.8949964 |
details, prediction |
ICON
ICX
|
0.8791916 |
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
|
-0.9253387 |
details, prediction |
Stellar
XLM
|
-0.52552634 |
details, prediction |
TRON
TRX
|
-0.37028193 |
details, prediction |
ZCash
ZEC
|
-0.27930206 |
details, prediction |
Binance Coin
BNB
|
-0.008894357 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6734735 |
details, prediction |
OriginTrail
TRAC
|
-0.6566452 |
details, prediction |
USD//Coin
USDC
|
-0.5835378 |
details, prediction |
Telcoin
TEL
|
-0.54325014 |
details, prediction |
True USD
TUSD
|
-0.14751717 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.6096993 |
details, prediction |
V Systems
VSYS
|
-0.22410677 |
details, prediction |
Komodo
KMD
|
-0.16116446 |
details, prediction |
Chronobank
TIME
|
-0.055278365 |
details, prediction |
Constellation
DAG
|
0.024194071 |
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)