Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9563036 |
details, prediction |
Cardano
ADA
|
0.93681043 |
details, prediction |
XRP
XRP
|
0.934962 |
details, prediction |
Ethereum Classic
ETC
|
0.9228614 |
details, prediction |
Dogecoin
DOGE
|
0.9174637 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9693655 |
details, prediction |
Theta Fuel
TFUEL
|
0.96756566 |
details, prediction |
Tezos
XTZ
|
0.96639556 |
details, prediction |
Ravencoin
RVN
|
0.9636302 |
details, prediction |
Waves
WAVES
|
0.9627699 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9702974 |
details, prediction |
ARK
ARK
|
0.96994233 |
details, prediction |
Lisk
LSK
|
0.9698358 |
details, prediction |
Gas
GAS
|
0.967147 |
details, prediction |
Steem
STEEM
|
0.96017855 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that aelf 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 aelf
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.55231005 |
details, prediction |
TRON
TRX
|
-8.8007277E-4 |
details, prediction |
ZCash
ZEC
|
0.074217916 |
details, prediction |
Binance Coin
BNB
|
0.6985005 |
details, prediction |
Monero
XMR
|
0.7610671 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.9317603 |
details, prediction |
Dai
DAI
|
-0.90870273 |
details, prediction |
True USD
TUSD
|
-0.5484402 |
details, prediction |
OriginTrail
TRAC
|
0.23640352 |
details, prediction |
Telcoin
TEL
|
0.25333166 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.15882947 |
details, prediction |
Matrix AI Network
MAN
|
-0.13304016 |
details, prediction |
V Systems
VSYS
|
-0.12956096 |
details, prediction |
Phantasma
SOUL
|
0.08271279 |
details, prediction |
Constellation
DAG
|
0.37306482 |
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)