Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.89261943 |
details, prediction |
Dogecoin
DOGE
|
0.71881133 |
details, prediction |
Binance Coin
BNB
|
0.47928268 |
details, prediction |
XRP
XRP
|
0.30590677 |
details, prediction |
Bitcoin
BTC
|
-0.11633884 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.9067143 |
details, prediction |
Verge
XVG
|
0.56241417 |
details, prediction |
Decred
DCR
|
0.5251512 |
details, prediction |
True USD
TUSD
|
0.5142736 |
details, prediction |
DigiByte
DGB
|
0.47778952 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9914635 |
details, prediction |
Elastos
ELA
|
0.74627537 |
details, prediction |
Komodo
KMD
|
0.61256385 |
details, prediction |
Constellation
DAG
|
0.43763432 |
details, prediction |
Gas
GAS
|
0.38936114 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dero 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 Dero
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.6122276 |
details, prediction |
Crypto.com Chain
CRO
|
-0.6026585 |
details, prediction |
Ethereum Classic
ETC
|
-0.45587593 |
details, prediction |
Bitcoin Cash
BCH
|
-0.43135232 |
details, prediction |
Litecoin
LTC
|
-0.38299808 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.6247573 |
details, prediction |
Chiliz
CHZ
|
-0.62433314 |
details, prediction |
Theta
THETA
|
-0.6240415 |
details, prediction |
Vechain
VET
|
-0.6231357 |
details, prediction |
Bitcoin SV
BSV
|
-0.61832345 |
details, prediction |
|
Third tier
|
NEM
XEM
|
-0.43203065 |
details, prediction |
OPEN Platform
OPEN
|
-0.37887383 |
details, prediction |
Phantasma
SOUL
|
-0.33855966 |
details, prediction |
V Systems
VSYS
|
-0.29146987 |
details, prediction |
Electroneum
ETN
|
-0.29108858 |
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)