Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7677872 |
details, prediction |
XRP
XRP
|
0.75860745 |
details, prediction |
Litecoin
LTC
|
0.75821203 |
details, prediction |
Ethereum
ETH
|
0.74399495 |
details, prediction |
Crypto.com Chain
CRO
|
0.71774465 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.83022606 |
details, prediction |
Chiliz
CHZ
|
0.7858722 |
details, prediction |
Theta Fuel
TFUEL
|
0.7823936 |
details, prediction |
Nexo
NEXO
|
0.7786257 |
details, prediction |
Ravencoin
RVN
|
0.776435 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.8297185 |
details, prediction |
NEM
XEM
|
0.7936436 |
details, prediction |
LAToken
LA
|
0.7832092 |
details, prediction |
IoTeX
IOTX
|
0.76777846 |
details, prediction |
SingularityNET
AGI
|
0.7549024 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kambria 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 Kambria
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.47106647 |
details, prediction |
Stellar
XLM
|
-0.4698751 |
details, prediction |
TRON
TRX
|
-0.21475749 |
details, prediction |
Binance Coin
BNB
|
0.27653518 |
details, prediction |
Monero
XMR
|
0.36203012 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.53393465 |
details, prediction |
Dai
DAI
|
-0.52888954 |
details, prediction |
OriginTrail
TRAC
|
-0.48822603 |
details, prediction |
USD//Coin
USDC
|
-0.413604 |
details, prediction |
DASH
DASH
|
-0.124192655 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.36671618 |
details, prediction |
Komodo
KMD
|
-0.24984646 |
details, prediction |
OPEN Platform
OPEN
|
-0.02584583 |
details, prediction |
FunFair
FUN
|
0.047080707 |
details, prediction |
Matrix AI Network
MAN
|
0.20277618 |
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)