Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.20501491 |
details, prediction |
TRON
TRX
|
0.11880589 |
details, prediction |
ChainLink
LINK
|
0.01466436 |
details, prediction |
Crypto.com Chain
CRO
|
-0.049440265 |
details, prediction |
Dogecoin
DOGE
|
-0.1435207 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.61527777 |
details, prediction |
True USD
TUSD
|
0.49224204 |
details, prediction |
Decred
DCR
|
0.48660016 |
details, prediction |
Dai
DAI
|
0.38583475 |
details, prediction |
Verge
XVG
|
0.3384668 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.49201778 |
details, prediction |
Chronobank
TIME
|
0.43336725 |
details, prediction |
QuarkChain
QKC
|
0.414364 |
details, prediction |
Gas
GAS
|
0.34792176 |
details, prediction |
Dero
DERO
|
0.3378468 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BOScoin 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 BOScoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.49260458 |
details, prediction |
XRP
XRP
|
-0.3572375 |
details, prediction |
Litecoin
LTC
|
-0.35333323 |
details, prediction |
Binance Coin
BNB
|
-0.3412898 |
details, prediction |
Bitcoin Cash
BCH
|
-0.32935706 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
-0.24768485 |
details, prediction |
NEO
NEO
|
-0.22067773 |
details, prediction |
Tezos
XTZ
|
-0.19279617 |
details, prediction |
IOTA
IOT
|
-0.17266053 |
details, prediction |
0x
ZRX
|
-0.078215726 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.38354263 |
details, prediction |
Phantasma
SOUL
|
-0.14550456 |
details, prediction |
Stox
STX
|
-0.1182952 |
details, prediction |
NEM
XEM
|
-0.11403669 |
details, prediction |
Kyber Network
KNC
|
-0.10620208 |
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)