Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.61999077 |
details, prediction |
Cardano
ADA
|
0.2656793 |
details, prediction |
Dogecoin
DOGE
|
0.26519787 |
details, prediction |
TRON
TRX
|
0.21895458 |
details, prediction |
Binance Coin
BNB
|
-0.03653647 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.8781669 |
details, prediction |
Chiliz
CHZ
|
0.64147174 |
details, prediction |
Tezos
XTZ
|
0.63427263 |
details, prediction |
Decred
DCR
|
0.62917006 |
details, prediction |
Theta Fuel
TFUEL
|
0.49415126 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.88831043 |
details, prediction |
IoTeX
IOTX
|
0.73207515 |
details, prediction |
Lisk
LSK
|
0.6691042 |
details, prediction |
Dent
DENT
|
0.65215427 |
details, prediction |
Power Ledger
POWR
|
0.63096243 |
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
|
KuCoin Shares
KCS
|
-0.8783586 |
details, prediction |
Bitcoin
BTC
|
-0.5440577 |
details, prediction |
Ethereum
ETH
|
-0.46732518 |
details, prediction |
ChainLink
LINK
|
-0.39356723 |
details, prediction |
Stellar
XLM
|
-0.38085467 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8754233 |
details, prediction |
USD//Coin
USDC
|
-0.74784213 |
details, prediction |
True USD
TUSD
|
-0.6365115 |
details, prediction |
Nexo
NEXO
|
-0.5650183 |
details, prediction |
Waves
WAVES
|
-0.45058653 |
details, prediction |
|
Third tier
|
Metal
MTL
|
-0.9135674 |
details, prediction |
BABB
BAX
|
-0.8639479 |
details, prediction |
Propy
PRO
|
-0.81270504 |
details, prediction |
Phantasma
SOUL
|
-0.65300924 |
details, prediction |
Enjin Coin
ENJ
|
-0.6209603 |
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)