Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.6295681 |
details, prediction |
UNUS SED LEO
LEO
|
0.6174964 |
details, prediction |
Bitcoin
BTC
|
0.6025805 |
details, prediction |
Ethereum
ETH
|
0.55930984 |
details, prediction |
ZCash
ZEC
|
0.55826426 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.91050065 |
details, prediction |
DigiByte
DGB
|
0.5819336 |
details, prediction |
QTUM
QTUM
|
0.57793736 |
details, prediction |
Theta Fuel
TFUEL
|
0.55551744 |
details, prediction |
Algorand
ALGO
|
0.55029523 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.95404017 |
details, prediction |
ARK
ARK
|
0.8053097 |
details, prediction |
Steem
STEEM
|
0.6996575 |
details, prediction |
Elastos
ELA
|
0.6406719 |
details, prediction |
SysCoin
SYS
|
0.6338172 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ardor 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 Ardor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.121281 |
details, prediction |
KuCoin Shares
KCS
|
-0.101010546 |
details, prediction |
Crypto.com Chain
CRO
|
0.15597314 |
details, prediction |
Binance Coin
BNB
|
0.24010578 |
details, prediction |
Bitcoin Cash
BCH
|
0.26392812 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
-0.114486784 |
details, prediction |
Dai
DAI
|
-0.03003994 |
details, prediction |
Decred
DCR
|
0.14404908 |
details, prediction |
Verge
XVG
|
0.15360674 |
details, prediction |
Telcoin
TEL
|
0.22434025 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.22526203 |
details, prediction |
Matrix AI Network
MAN
|
-0.060992133 |
details, prediction |
Stox
STX
|
-0.01779605 |
details, prediction |
HEROcoin
PLAY
|
0.03818998 |
details, prediction |
Propy
PRO
|
0.1185235 |
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)