Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8386435 |
details, prediction |
Litecoin
LTC
|
0.81963193 |
details, prediction |
Ethereum
ETH
|
0.81552976 |
details, prediction |
Bitcoin
BTC
|
0.7804916 |
details, prediction |
XRP
XRP
|
0.7701627 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8423841 |
details, prediction |
0x
ZRX
|
0.8377832 |
details, prediction |
Status
SNT
|
0.83313257 |
details, prediction |
Decentraland
MANA
|
0.8214487 |
details, prediction |
HoloToken
HOT
|
0.81959236 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.8369381 |
details, prediction |
LAToken
LA
|
0.8312976 |
details, prediction |
Civic
CVC
|
0.82349986 |
details, prediction |
Hydro Protocol
HOT
|
0.81944907 |
details, prediction |
Power Ledger
POWR
|
0.77619445 |
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
|
Stellar
XLM
|
-0.55274814 |
details, prediction |
TRON
TRX
|
-0.008716421 |
details, prediction |
ZCash
ZEC
|
1.381745E-4 |
details, prediction |
Binance Coin
BNB
|
0.21672621 |
details, prediction |
Monero
XMR
|
0.5346008 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5679624 |
details, prediction |
OriginTrail
TRAC
|
-0.50606245 |
details, prediction |
USD//Coin
USDC
|
-0.38835207 |
details, prediction |
Telcoin
TEL
|
-0.33444867 |
details, prediction |
True USD
TUSD
|
0.13712965 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.60940254 |
details, prediction |
Loopring
LRC
|
-0.5210178 |
details, prediction |
Komodo
KMD
|
-0.46379402 |
details, prediction |
V Systems
VSYS
|
-0.014418811 |
details, prediction |
Matrix AI Network
MAN
|
0.043608636 |
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)