Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.55966175 |
details, prediction |
KuCoin Shares
KCS
|
0.5147482 |
details, prediction |
Binance Coin
BNB
|
0.47165293 |
details, prediction |
Ethereum
ETH
|
0.44914997 |
details, prediction |
Dogecoin
DOGE
|
0.44899958 |
details, prediction |
Second tier
|
GXShares
GXS
|
0.6449438 |
details, prediction |
0x
ZRX
|
0.6266335 |
details, prediction |
Zilliqa
ZIL
|
0.5628421 |
details, prediction |
Nexo
NEXO
|
0.5481674 |
details, prediction |
Metal
MTL
|
0.5335855 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.8862984 |
details, prediction |
district0x
DNT
|
0.7630544 |
details, prediction |
Sentinel Protocol
UPP
|
0.67784834 |
details, prediction |
QuarkChain
QKC
|
0.6328147 |
details, prediction |
SmartMesh
SMT
|
0.6266645 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IHT Real Estate Protocol 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 IHT Real Estate Protocol
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
-0.20760456 |
details, prediction |
Fantom
FTM
|
-0.19953355 |
details, prediction |
USD//Coin
USDC
|
-0.16590288 |
details, prediction |
IOTA
IOT
|
-0.12656067 |
details, prediction |
Matic Network
MATIC
|
-0.11828324 |
details, prediction |
Second tier
|
MonaCoin
MONA
|
-0.3429454 |
details, prediction |
Decentraland
MANA
|
-0.2221817 |
details, prediction |
True USD
TUSD
|
-0.20433047 |
details, prediction |
Dai
DAI
|
-0.17440246 |
details, prediction |
Algorand
ALGO
|
-0.16388193 |
details, prediction |
Third tier
|
THEKEY
TKY
|
-0.51243 |
details, prediction |
AeonCoin
AEON
|
-0.4941695 |
details, prediction |
RubyCoin
RBY
|
-0.47041586 |
details, prediction |
IOCoin
IOC
|
-0.46780846 |
details, prediction |
OKCash
OK
|
-0.46675774 |
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)