Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.92498124 |
details, prediction |
Vechain
VET
|
0.881922 |
details, prediction |
Dogecoin
DOGE
|
0.8798772 |
details, prediction |
TRON
TRX
|
0.8774752 |
details, prediction |
UNUS SED LEO
LEO
|
0.8616765 |
details, prediction |
Second tier
|
HoloToken
HOT
|
0.9376512 |
details, prediction |
DigiByte
DGB
|
0.9356026 |
details, prediction |
Bitcoin Gold
BTG
|
0.9350374 |
details, prediction |
OriginTrail
TRAC
|
0.92923445 |
details, prediction |
Steem
STEEM
|
0.9282854 |
details, prediction |
Third tier
|
Nucleus Vision
NCASH
|
0.95874375 |
details, prediction |
FedoraCoin
TIPS
|
0.9579922 |
details, prediction |
Quanta Network
QNTU
|
0.9559837 |
details, prediction |
Komodo
KMD
|
0.95230114 |
details, prediction |
RealTract
RET
|
0.9513053 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IDEX Membership 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 IDEX Membership
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
0.1937628 |
details, prediction |
Ethereum Classic
ETC
|
0.23351945 |
details, prediction |
Matic Network
MATIC
|
0.27034983 |
details, prediction |
KuCoin Shares
KCS
|
0.28838262 |
details, prediction |
Theta
THETA
|
0.46597463 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.64243525 |
details, prediction |
SwissBorg
CHSB
|
-0.5413103 |
details, prediction |
HedgeTrade
HEDG
|
-0.49431202 |
details, prediction |
FirstBlood
1ST
|
-0.39990366 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.26565632 |
details, prediction |
Third tier
|
Winchain
WIN
|
-0.9366792 |
details, prediction |
Prizm
PZM
|
-0.7199069 |
details, prediction |
SIX
SIX
|
-0.6998604 |
details, prediction |
Hubiit
HBT
|
-0.6923016 |
details, prediction |
Bitbook Gambling
BXK
|
-0.6825042 |
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)