Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.3208025 |
details, prediction |
IOTA
IOT
|
0.23344973 |
details, prediction |
Bitcoin SV
BSV
|
0.22125658 |
details, prediction |
USD//Coin
USDC
|
0.10917257 |
details, prediction |
Ethereum
ETH
|
0.07446598 |
details, prediction |
Second tier
|
AMO Coin
AMO
|
0.63451326 |
details, prediction |
XYO Network
XYO
|
0.5306673 |
details, prediction |
BitTorrent
BTT
|
0.36236638 |
details, prediction |
MonaCoin
MONA
|
0.33683878 |
details, prediction |
Waves
WAVES
|
0.3084057 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9317704 |
details, prediction |
Dotcoin
DOT
|
0.80123776 |
details, prediction |
Vitae
VITAE
|
0.7927655 |
details, prediction |
Bulwark
BWK
|
0.7757145 |
details, prediction |
Linkey
LKY
|
0.7331868 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ICOBox 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 ICOBox
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.61158395 |
details, prediction |
TRON
TRX
|
-0.52944845 |
details, prediction |
Cardano
ADA
|
-0.47877964 |
details, prediction |
Vechain
VET
|
-0.40814558 |
details, prediction |
Tezos
XTZ
|
-0.40771934 |
details, prediction |
Second tier
|
Status
SNT
|
-0.5917314 |
details, prediction |
Loopring
LRC
|
-0.5180052 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.4945226 |
details, prediction |
Internet of Services
IOST
|
-0.48245347 |
details, prediction |
Stox
STX
|
-0.4768373 |
details, prediction |
Third tier
|
BHPCash
BHPC
|
-0.85438323 |
details, prediction |
Grid+
GRID
|
-0.6262369 |
details, prediction |
Augur
REP
|
-0.6163924 |
details, prediction |
Decent.bet
DBET
|
-0.6129612 |
details, prediction |
E-Gulden
EFL
|
-0.60429263 |
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)