Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.46 |
details, prediction |
ChainLink
LINK
|
0.41 |
details, prediction |
UNUS SED LEO
LEO
|
0.37 |
details, prediction |
Tezos
XTZ
|
0.36 |
details, prediction |
Chiliz
CHZ
|
0.31 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
0.56 |
details, prediction |
FTX Token
FTT
|
0.55 |
details, prediction |
Metadium
META
|
0.44 |
details, prediction |
Power Ledger
POWR
|
0.43 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.39 |
details, prediction |
Third tier
|
Synereo
AMP
|
0.80 |
details, prediction |
Credit Tag Chain
CTC
|
0.75 |
details, prediction |
SyncFab
MFG
|
0.75 |
details, prediction |
Uquid Coin
UQC
|
0.58 |
details, prediction |
Cardstack
CARD
|
0.54 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IvyKoin 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 IvyKoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
-0.36 |
details, prediction |
Fantom
FTM
|
-0.30 |
details, prediction |
Vechain
VET
|
-0.11 |
details, prediction |
Ethereum Classic
ETC
|
-0.08 |
details, prediction |
IOTA
IOT
|
-0.08 |
details, prediction |
Second tier
|
Telcoin
TEL
|
-0.44 |
details, prediction |
Synthetix Network Token
SNX
|
-0.37 |
details, prediction |
FirstBlood
1ST
|
-0.22 |
details, prediction |
Quant Network
QNT
|
-0.19 |
details, prediction |
Stox
STX
|
-0.17 |
details, prediction |
Third tier
|
Diamond
DMD
|
-0.56 |
details, prediction |
Bitcoin Private
BTCP
|
-0.55 |
details, prediction |
Quanta Network
QNTU
|
-0.53 |
details, prediction |
BABB
BAX
|
-0.52 |
details, prediction |
BaaSid
BAAS
|
-0.52 |
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)