Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.7163155 |
details, prediction |
Litecoin
LTC
|
0.6341399 |
details, prediction |
IOTA
IOT
|
0.5751402 |
details, prediction |
Ethereum
ETH
|
0.5679431 |
details, prediction |
NEO
NEO
|
0.5662591 |
details, prediction |
Second tier
|
Stox
STX
|
0.7418052 |
details, prediction |
Horizen
ZEN
|
0.6905797 |
details, prediction |
Lisk
LSK
|
0.6865553 |
details, prediction |
Huobi Token
HT
|
0.6857019 |
details, prediction |
Waves
WAVES
|
0.63712615 |
details, prediction |
Third tier
|
Curecoin
CURE
|
0.82209766 |
details, prediction |
BitKan
KAN
|
0.815653 |
details, prediction |
XcelToken
XCEL
|
0.81129783 |
details, prediction |
Litecoin Cash
LCC
|
0.79896724 |
details, prediction |
GoldCoin
GLD
|
0.7841765 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Adzcoin 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 Adzcoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.7774769 |
details, prediction |
Maker
MKR
|
-0.6225729 |
details, prediction |
XRP
XRP
|
-0.4491565 |
details, prediction |
USD//Coin
USDC
|
-0.41646466 |
details, prediction |
Stellar
XLM
|
-0.37599936 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.8521278 |
details, prediction |
Nexo
NEXO
|
-0.7864178 |
details, prediction |
Ravencoin
RVN
|
-0.7764399 |
details, prediction |
IoTeX
IOTX
|
-0.7085717 |
details, prediction |
EthLend
LEND
|
-0.68243843 |
details, prediction |
Third tier
|
Dero
DERO
|
-0.8850876 |
details, prediction |
Tycoon Global
TCT
|
-0.8172791 |
details, prediction |
WorldCoin
WDC
|
-0.7956301 |
details, prediction |
Chainium
CHX
|
-0.7900253 |
details, prediction |
Revain
R
|
-0.7817855 |
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)