Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.5169812 |
details, prediction |
Chiliz
CHZ
|
0.44472843 |
details, prediction |
Maker
MKR
|
0.3758265 |
details, prediction |
Crypto.com Chain
CRO
|
0.34444395 |
details, prediction |
USD//Coin
USDC
|
0.32924062 |
details, prediction |
Second tier
|
Verge
XVG
|
0.5179614 |
details, prediction |
Quant Network
QNT
|
0.4898547 |
details, prediction |
Zilliqa
ZIL
|
0.46785763 |
details, prediction |
Internet of Services
IOST
|
0.46468243 |
details, prediction |
Nexo
NEXO
|
0.45282167 |
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 |
Tezos
XTZ
|
-0.42238915 |
details, prediction |
Binance Coin
BNB
|
-0.325832 |
details, prediction |
EOS
EOS
|
-0.26716647 |
details, prediction |
KuCoin Shares
KCS
|
-0.18201476 |
details, prediction |
Second tier
|
SysCoin
SYS
|
-0.3925587 |
details, prediction |
Bitcoin SV
BSV
|
-0.37594247 |
details, prediction |
BORA
BORA
|
-0.2970641 |
details, prediction |
DASH
DASH
|
-0.27418143 |
details, prediction |
Algorand
ALGO
|
-0.2415779 |
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)