Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.5443935 |
details, prediction |
Bitcoin
BTC
|
0.41245782 |
details, prediction |
Litecoin
LTC
|
0.40834486 |
details, prediction |
UNUS SED LEO
LEO
|
0.3544361 |
details, prediction |
ChainLink
LINK
|
0.35366297 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.6196745 |
details, prediction |
Theta
THETA
|
0.6038858 |
details, prediction |
Ravencoin
RVN
|
0.55583984 |
details, prediction |
Status
SNT
|
0.522309 |
details, prediction |
Nexo
NEXO
|
0.5035006 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
0.6787249 |
details, prediction |
HEROcoin
PLAY
|
0.6325172 |
details, prediction |
Metal
MTL
|
0.57542276 |
details, prediction |
Enjin Coin
ENJ
|
0.5153196 |
details, prediction |
Hydro Protocol
HOT
|
0.5072465 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chiliz 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 Chiliz
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.41395986 |
details, prediction |
Stellar
XLM
|
-0.1271941 |
details, prediction |
TRON
TRX
|
0.01954328 |
details, prediction |
Binance Coin
BNB
|
0.078636646 |
details, prediction |
Cardano
ADA
|
0.08596267 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.42883274 |
details, prediction |
Verge
XVG
|
-0.37317353 |
details, prediction |
OriginTrail
TRAC
|
-0.35206902 |
details, prediction |
Decred
DCR
|
-0.31767684 |
details, prediction |
Bitcoin Gold
BTG
|
-0.30020514 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5908265 |
details, prediction |
FunFair
FUN
|
-0.52494085 |
details, prediction |
Matrix AI Network
MAN
|
-0.4549109 |
details, prediction |
Wanchain
WAN
|
-0.41080746 |
details, prediction |
BABB
BAX
|
-0.3377604 |
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)