Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.5411858 |
details, prediction |
Theta
THETA
|
0.5346521 |
details, prediction |
Cardano
ADA
|
0.5142046 |
details, prediction |
Decentraland
MANA
|
0.51251084 |
details, prediction |
ChainLink
LINK
|
0.5003243 |
details, prediction |
Second tier
|
Quant Network
QNT
|
0.79528403 |
details, prediction |
MonaCoin
MONA
|
0.6848723 |
details, prediction |
Ocean Protocol
OCEAN
|
0.5367619 |
details, prediction |
Waves
WAVES
|
0.52440983 |
details, prediction |
Synthetix Network Token
SNX
|
0.5089769 |
details, prediction |
Third tier
|
LBRY Credits
LBC
|
0.87557244 |
details, prediction |
Gamecredits
GAME
|
0.8509885 |
details, prediction |
Ubiq
UBQ
|
0.84092575 |
details, prediction |
StealthCoin
XST
|
0.82869214 |
details, prediction |
ReddCoin
RDD
|
0.8223757 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AventCoin 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 AventCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.64728075 |
details, prediction |
Monero
XMR
|
0.09840991 |
details, prediction |
Huobi Token
HT
|
0.22682388 |
details, prediction |
KuCoin Shares
KCS
|
0.22954434 |
details, prediction |
Binance Coin
BNB
|
0.28779393 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.7450201 |
details, prediction |
USD//Coin
USDC
|
-0.73488903 |
details, prediction |
Dai
DAI
|
-0.7315294 |
details, prediction |
True USD
TUSD
|
-0.6447473 |
details, prediction |
Propy
PRO
|
-0.005825896 |
details, prediction |
Third tier
|
ILCoin
ILC
|
-0.6777138 |
details, prediction |
Time New Bank
TNB
|
-0.6671998 |
details, prediction |
SunContract
SNC
|
-0.66405034 |
details, prediction |
BeeChat
CHAT
|
-0.5634553 |
details, prediction |
Faceter
FACE
|
-0.526995 |
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)