Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.81536937 |
details, prediction |
Cardano
ADA
|
0.73246247 |
details, prediction |
Ethereum Classic
ETC
|
0.6524792 |
details, prediction |
UNUS SED LEO
LEO
|
0.56654555 |
details, prediction |
Fantom
FTM
|
0.5324193 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.7508782 |
details, prediction |
DigiByte
DGB
|
0.67187184 |
details, prediction |
Waves
WAVES
|
0.6377947 |
details, prediction |
Decentraland
MANA
|
0.6317544 |
details, prediction |
Cosmos
ATOM
|
0.61461425 |
details, prediction |
|
Third tier
|
Time New Bank
TNB
|
0.8954271 |
details, prediction |
Kambria
KAT
|
0.8950742 |
details, prediction |
Lympo
LYM
|
0.837997 |
details, prediction |
Bibox Token
BIX
|
0.80888534 |
details, prediction |
FREE Coin
FREE
|
0.76620096 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that aXpire 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 aXpire
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
-0.65451723 |
details, prediction |
XRP
XRP
|
-0.614166 |
details, prediction |
Matic Network
MATIC
|
-0.3136107 |
details, prediction |
TRON
TRX
|
-0.255731 |
details, prediction |
Dogecoin
DOGE
|
-0.20106614 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.47663 |
details, prediction |
SwissBorg
CHSB
|
-0.37970963 |
details, prediction |
USD//Coin
USDC
|
-0.35629356 |
details, prediction |
Status
SNT
|
-0.34767103 |
details, prediction |
Dai
DAI
|
-0.32390434 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
-0.6793376 |
details, prediction |
Veritaseum
VERI
|
-0.5813307 |
details, prediction |
Dero
DERO
|
-0.46505785 |
details, prediction |
Utrust
UTK
|
-0.4641267 |
details, prediction |
Neblio
NEBL
|
-0.4386983 |
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)