Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.34593278 |
details, prediction |
Stellar
XLM
|
0.14617604 |
details, prediction |
KuCoin Shares
KCS
|
0.079500005 |
details, prediction |
Bitcoin Cash
BCH
|
-0.15835443 |
details, prediction |
Ethereum Classic
ETC
|
-0.19989112 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.6983287 |
details, prediction |
Telcoin
TEL
|
0.6976405 |
details, prediction |
Ravencoin
RVN
|
0.6890031 |
details, prediction |
USD//Coin
USDC
|
0.68553334 |
details, prediction |
Chiliz
CHZ
|
0.467846 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.78607345 |
details, prediction |
Storj
STORJ
|
0.7721022 |
details, prediction |
Phantasma
SOUL
|
0.66071755 |
details, prediction |
Matrix AI Network
MAN
|
0.6361237 |
details, prediction |
Propy
PRO
|
0.6320519 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Constellation 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 Constellation
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.60732156 |
details, prediction |
ZCash
ZEC
|
-0.5082935 |
details, prediction |
Binance Coin
BNB
|
-0.48532763 |
details, prediction |
Cardano
ADA
|
-0.44294074 |
details, prediction |
Ethereum
ETH
|
-0.43888614 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.51809514 |
details, prediction |
Horizen
ZEN
|
-0.47919214 |
details, prediction |
Vechain
VET
|
-0.43823943 |
details, prediction |
DASH
DASH
|
-0.4330035 |
details, prediction |
Bitcoin SV
BSV
|
-0.43183383 |
details, prediction |
|
Third tier
|
Metal
MTL
|
-0.5012605 |
details, prediction |
Lisk
LSK
|
-0.4393942 |
details, prediction |
IoTeX
IOTX
|
-0.4052272 |
details, prediction |
QuarkChain
QKC
|
-0.39918885 |
details, prediction |
Dent
DENT
|
-0.38147458 |
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)