Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.96065795 |
details, prediction |
ChainLink
LINK
|
0.94787365 |
details, prediction |
Cosmos
ATOM
|
0.94709396 |
details, prediction |
NEO
NEO
|
0.9454886 |
details, prediction |
Matic Network
MATIC
|
0.9441788 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.9614772 |
details, prediction |
IoTeX
IOTX
|
0.95062315 |
details, prediction |
Fantom
FTM
|
0.94846034 |
details, prediction |
SysCoin
SYS
|
0.9472583 |
details, prediction |
Aragon
ANT
|
0.94697523 |
details, prediction |
Third tier
|
Kin
KIN
|
0.9512802 |
details, prediction |
Bread
BRD
|
0.950667 |
details, prediction |
Genaro Network
GNX
|
0.9501896 |
details, prediction |
Stox
STX
|
0.9464608 |
details, prediction |
OPEN Platform
OPEN
|
0.94631636 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Aurora Chain 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 Aurora Chain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.51119536 |
details, prediction |
Monero
XMR
|
0.6646611 |
details, prediction |
Dogecoin
DOGE
|
0.79602623 |
details, prediction |
KuCoin Shares
KCS
|
0.7990265 |
details, prediction |
Huobi Token
HT
|
0.8043717 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.681408 |
details, prediction |
True USD
TUSD
|
-0.6699242 |
details, prediction |
Dai
DAI
|
-0.65098554 |
details, prediction |
Paxos Standard
PAX
|
-0.50456345 |
details, prediction |
EthLend
LEND
|
-0.3638867 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9176102 |
details, prediction |
FeatherCoin
FTC
|
-0.7967022 |
details, prediction |
ILCoin
ILC
|
-0.73067296 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6020128 |
details, prediction |
Nimiq
NET
|
-0.5518204 |
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)