Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.85516125 |
details, prediction |
Bitcoin Cash
BCH
|
0.81985366 |
details, prediction |
Cardano
ADA
|
0.70041287 |
details, prediction |
XRP
XRP
|
0.3794655 |
details, prediction |
Litecoin
LTC
|
0.07971764 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9000062 |
details, prediction |
Waves
WAVES
|
0.83619374 |
details, prediction |
Siacoin
SC
|
0.83150303 |
details, prediction |
Bitcoin Gold
BTG
|
0.7964175 |
details, prediction |
Verge
XVG
|
0.75638664 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.95251626 |
details, prediction |
Komodo
KMD
|
0.92530715 |
details, prediction |
NEM
XEM
|
0.8865784 |
details, prediction |
IoTeX
IOTX
|
0.841628 |
details, prediction |
PIVX
PIVX
|
0.797016 |
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
|
UNUS SED LEO
LEO
|
-0.9978161 |
details, prediction |
TRON
TRX
|
-0.87905204 |
details, prediction |
ZCash
ZEC
|
-0.58204246 |
details, prediction |
Bitcoin
BTC
|
-0.5017147 |
details, prediction |
Monero
XMR
|
-0.45686942 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.5274096 |
details, prediction |
OriginTrail
TRAC
|
-0.43047017 |
details, prediction |
DASH
DASH
|
-0.4032512 |
details, prediction |
True USD
TUSD
|
-0.37909365 |
details, prediction |
Bitcoin SV
BSV
|
-0.22563842 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.7542794 |
details, prediction |
HEROcoin
PLAY
|
-0.49890682 |
details, prediction |
Enjin Coin
ENJ
|
-0.39341834 |
details, prediction |
Ontology
ONT
|
-0.37613115 |
details, prediction |
NKN
NKN
|
-0.24357778 |
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)