Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.75973624 |
details, prediction |
Monero
XMR
|
0.7495618 |
details, prediction |
Ethereum Classic
ETC
|
0.7405645 |
details, prediction |
KuCoin Shares
KCS
|
0.7200334 |
details, prediction |
Cardano
ADA
|
0.69819754 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.93407357 |
details, prediction |
Bitcoin Gold
BTG
|
0.8496134 |
details, prediction |
Theta Fuel
TFUEL
|
0.84037447 |
details, prediction |
Status
SNT
|
0.8317432 |
details, prediction |
Request Network
REQ
|
0.82128954 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.95522076 |
details, prediction |
ARK
ARK
|
0.90817505 |
details, prediction |
BOScoin
BOS
|
0.899433 |
details, prediction |
Chronobank
TIME
|
0.88196707 |
details, prediction |
Internet of Services
IOST
|
0.84822696 |
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
|
-0.41085452 |
details, prediction |
UNUS SED LEO
LEO
|
0.19949493 |
details, prediction |
ChainLink
LINK
|
0.5510474 |
details, prediction |
Binance Coin
BNB
|
0.57461953 |
details, prediction |
Crypto.com Chain
CRO
|
0.5772632 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.44524318 |
details, prediction |
Dai
DAI
|
-0.026588699 |
details, prediction |
Nexo
NEXO
|
0.11411414 |
details, prediction |
Verge
XVG
|
0.27916342 |
details, prediction |
Zilliqa
ZIL
|
0.40920225 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.36645946 |
details, prediction |
Propy
PRO
|
-0.22492005 |
details, prediction |
BABB
BAX
|
-0.0094626425 |
details, prediction |
OPEN Platform
OPEN
|
0.059391994 |
details, prediction |
FunFair
FUN
|
0.081669316 |
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)