Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.8139774 |
details, prediction |
Bitcoin Cash
BCH
|
0.62879664 |
details, prediction |
Ethereum Classic
ETC
|
0.62447566 |
details, prediction |
KuCoin Shares
KCS
|
0.5749273 |
details, prediction |
Litecoin
LTC
|
0.5200021 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.8256737 |
details, prediction |
Synthetix Network Token
SNX
|
0.8209626 |
details, prediction |
Status
SNT
|
0.7942861 |
details, prediction |
Zilliqa
ZIL
|
0.77733165 |
details, prediction |
Telcoin
TEL
|
0.77504075 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.81662804 |
details, prediction |
PIVX
PIVX
|
0.7716476 |
details, prediction |
SwftCoin
SWFTC
|
0.72126395 |
details, prediction |
Hydro Protocol
HOT
|
0.69174147 |
details, prediction |
Kambria
KAT
|
0.6777913 |
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
|
Monero
XMR
|
0.12992236 |
details, prediction |
Ethereum
ETH
|
0.27641883 |
details, prediction |
Binance Coin
BNB
|
0.2807402 |
details, prediction |
ChainLink
LINK
|
0.30535653 |
details, prediction |
Cardano
ADA
|
0.30842337 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.37407812 |
details, prediction |
Ravencoin
RVN
|
0.020939842 |
details, prediction |
iEx.ec
RLC
|
0.21792729 |
details, prediction |
USD//Coin
USDC
|
0.27040082 |
details, prediction |
True USD
TUSD
|
0.31272808 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.33891857 |
details, prediction |
HEROcoin
PLAY
|
-0.229041 |
details, prediction |
V Systems
VSYS
|
-0.14050366 |
details, prediction |
NKN
NKN
|
-0.13619933 |
details, prediction |
Propy
PRO
|
-0.0047259536 |
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)