Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.94906396 |
details, prediction |
Ethereum
ETH
|
0.9472683 |
details, prediction |
EOS
EOS
|
0.9460019 |
details, prediction |
Bitcoin Cash
BCH
|
0.9387216 |
details, prediction |
Nexo
NEXO
|
0.9320065 |
details, prediction |
Second tier
|
Siacoin
SC
|
0.9771092 |
details, prediction |
iEx.ec
RLC
|
0.96391433 |
details, prediction |
Civic
CVC
|
0.95692736 |
details, prediction |
Storj
STORJ
|
0.9546897 |
details, prediction |
Polymath Network
POLY
|
0.953897 |
details, prediction |
Third tier
|
Mithril
MITH
|
0.95053744 |
details, prediction |
SelfKey
KEY
|
0.9460508 |
details, prediction |
Aion
AION
|
0.9426556 |
details, prediction |
NKN
NKN
|
0.93728566 |
details, prediction |
Hydro Protocol
HOT
|
0.935512 |
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
|
-0.3389124 |
details, prediction |
Monero
XMR
|
0.5891703 |
details, prediction |
Fantom
FTM
|
0.65322226 |
details, prediction |
Waves
WAVES
|
0.6808002 |
details, prediction |
Decentraland
MANA
|
0.6992078 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.92282254 |
details, prediction |
Dai
DAI
|
-0.89769584 |
details, prediction |
True USD
TUSD
|
-0.8657089 |
details, prediction |
Paxos Standard
PAX
|
-0.67232966 |
details, prediction |
EthLend
LEND
|
-0.49583215 |
details, prediction |
Third tier
|
ILCoin
ILC
|
-0.7855743 |
details, prediction |
SunContract
SNC
|
-0.74266315 |
details, prediction |
Crypviser
CVCOIN
|
-0.7364669 |
details, prediction |
FeatherCoin
FTC
|
-0.68879557 |
details, prediction |
Envion
EVN
|
-0.6523613 |
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)