Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.81193715 |
details, prediction |
Chiliz
CHZ
|
0.7910451 |
details, prediction |
SONM
SNM
|
0.73138976 |
details, prediction |
EOS
EOS
|
0.72462577 |
details, prediction |
Ethereum Classic
ETC
|
0.72230786 |
details, prediction |
Second tier
|
iEx.ec
RLC
|
0.84335375 |
details, prediction |
Synthetix Network Token
SNX
|
0.67948174 |
details, prediction |
Ravencoin
RVN
|
0.6565512 |
details, prediction |
Theta Fuel
TFUEL
|
0.6364979 |
details, prediction |
Bitcoin Gold
BTG
|
0.6229739 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.8649315 |
details, prediction |
Neblio
NEBL
|
0.8487749 |
details, prediction |
DxChain
DX
|
0.82620823 |
details, prediction |
Aion
AION
|
0.8195388 |
details, prediction |
OAX
OAX
|
0.7696855 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IoT Chain 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 IoT Chain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.3987091 |
details, prediction |
KuCoin Shares
KCS
|
-0.12991253 |
details, prediction |
USD//Coin
USDC
|
-0.045935404 |
details, prediction |
Stellar
XLM
|
-0.00278811 |
details, prediction |
Bitcoin
BTC
|
0.013186561 |
details, prediction |
Second tier
|
Propy
PRO
|
-0.40346637 |
details, prediction |
Metal
MTL
|
-0.20965706 |
details, prediction |
Huobi Token
HT
|
-0.20540899 |
details, prediction |
SwissBorg
CHSB
|
-0.14407313 |
details, prediction |
Digix DAO
DGD
|
-0.086901024 |
details, prediction |
Third tier
|
VertCoin
VTC
|
-0.8086536 |
details, prediction |
Tycoon Global
TCT
|
-0.7471786 |
details, prediction |
Crown Coin
CRW
|
-0.71962935 |
details, prediction |
Tidex Token
TDX
|
-0.6277395 |
details, prediction |
Bread
BRD
|
-0.5860394 |
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)