Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.96612704 |
details, prediction |
Litecoin
LTC
|
0.9583297 |
details, prediction |
Ethereum
ETH
|
0.9444916 |
details, prediction |
Cardano
ADA
|
0.94226336 |
details, prediction |
XRP
XRP
|
0.9317906 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9710508 |
details, prediction |
Status
SNT
|
0.96866083 |
details, prediction |
Vechain
VET
|
0.96736383 |
details, prediction |
Waves
WAVES
|
0.96457833 |
details, prediction |
Ravencoin
RVN
|
0.9641787 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9703966 |
details, prediction |
ARK
ARK
|
0.9662172 |
details, prediction |
Gas
GAS
|
0.96567076 |
details, prediction |
Civic
CVC
|
0.96345425 |
details, prediction |
Steem
STEEM
|
0.96260256 |
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
|
-0.66424596 |
details, prediction |
ZCash
ZEC
|
-0.17456196 |
details, prediction |
TRON
TRX
|
-0.081408 |
details, prediction |
Binance Coin
BNB
|
0.52897877 |
details, prediction |
Monero
XMR
|
0.62451094 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.81022906 |
details, prediction |
Dai
DAI
|
-0.7629086 |
details, prediction |
True USD
TUSD
|
-0.43987438 |
details, prediction |
Telcoin
TEL
|
-0.37523258 |
details, prediction |
OriginTrail
TRAC
|
-0.13668753 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.34016064 |
details, prediction |
Matrix AI Network
MAN
|
-0.089356 |
details, prediction |
Komodo
KMD
|
-0.08450383 |
details, prediction |
V Systems
VSYS
|
-0.04921944 |
details, prediction |
Chronobank
TIME
|
0.12610938 |
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)