Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.79801416 |
details, prediction |
XRP
XRP
|
0.7764092 |
details, prediction |
Litecoin
LTC
|
0.771579 |
details, prediction |
Bitcoin
BTC
|
0.7627673 |
details, prediction |
Ethereum
ETH
|
0.7618891 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.81609064 |
details, prediction |
Vechain
VET
|
0.81257707 |
details, prediction |
Theta
THETA
|
0.81042546 |
details, prediction |
Ravencoin
RVN
|
0.81014013 |
details, prediction |
0x
ZRX
|
0.807477 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.860401 |
details, prediction |
LAToken
LA
|
0.81873333 |
details, prediction |
SingularityNET
AGI
|
0.7883006 |
details, prediction |
Ontology
ONT
|
0.78208333 |
details, prediction |
Lisk
LSK
|
0.78158355 |
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
|
Stellar
XLM
|
-0.3505523 |
details, prediction |
ZCash
ZEC
|
-0.33859694 |
details, prediction |
TRON
TRX
|
-0.1944604 |
details, prediction |
Binance Coin
BNB
|
0.45845 |
details, prediction |
Monero
XMR
|
0.61287516 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8399252 |
details, prediction |
USD//Coin
USDC
|
-0.808161 |
details, prediction |
True USD
TUSD
|
-0.29785776 |
details, prediction |
Telcoin
TEL
|
-0.25936875 |
details, prediction |
OriginTrail
TRAC
|
0.0015887929 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5047433 |
details, prediction |
Matrix AI Network
MAN
|
-0.25142568 |
details, prediction |
Propy
PRO
|
-0.08326171 |
details, prediction |
Chronobank
TIME
|
0.16371645 |
details, prediction |
Phantasma
SOUL
|
0.23602869 |
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)