Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.5169812 |
details, prediction |
Maker
MKR
|
0.3758265 |
details, prediction |
Crypto.com Chain
CRO
|
0.34444395 |
details, prediction |
TRON
TRX
|
0.29732105 |
details, prediction |
SONM
SNM
|
0.28457305 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.5179614 |
details, prediction |
Quant Network
QNT
|
0.4898547 |
details, prediction |
Zilliqa
ZIL
|
0.46785763 |
details, prediction |
Nexo
NEXO
|
0.45282167 |
details, prediction |
Chiliz
CHZ
|
0.44472843 |
details, prediction |
|
Third tier
|
Synereo
AMP
|
0.8515976 |
details, prediction |
Linkey
LKY
|
0.83730507 |
details, prediction |
SibCoin
SIB
|
0.7801778 |
details, prediction |
Diamond
DMD
|
0.76456434 |
details, prediction |
BitcoinZ
BTCZ
|
0.75901675 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Aeron 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 Aeron
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.43520296 |
details, prediction |
Binance Coin
BNB
|
-0.325832 |
details, prediction |
KuCoin Shares
KCS
|
-0.18201476 |
details, prediction |
Stellar
XLM
|
-0.12809038 |
details, prediction |
ChainLink
LINK
|
-0.12567179 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
-0.42238915 |
details, prediction |
Bitcoin SV
BSV
|
-0.37594247 |
details, prediction |
BORA
BORA
|
-0.2970641 |
details, prediction |
DASH
DASH
|
-0.27418143 |
details, prediction |
EOS
EOS
|
-0.26716647 |
details, prediction |
|
Third tier
|
Nexty
NTY
|
-0.7269794 |
details, prediction |
uDoo
UDOO
|
-0.6871744 |
details, prediction |
Constellation
DAG
|
-0.58006245 |
details, prediction |
Credit Tag Chain
CTC
|
-0.5772452 |
details, prediction |
Fusion
FSN
|
-0.5685697 |
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)