Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.6077888 |
details, prediction |
Stellar
XLM
|
0.5675515 |
details, prediction |
Litecoin
LTC
|
0.55110395 |
details, prediction |
Dogecoin
DOGE
|
0.49440894 |
details, prediction |
Bitcoin Cash
BCH
|
0.46584874 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.6257437 |
details, prediction |
Waves
WAVES
|
0.5200877 |
details, prediction |
Bitcoin Gold
BTG
|
0.51871324 |
details, prediction |
Tezos
XTZ
|
0.4812279 |
details, prediction |
True USD
TUSD
|
0.42426354 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.60730886 |
details, prediction |
IoTeX
IOTX
|
0.599295 |
details, prediction |
Stox
STX
|
0.4898776 |
details, prediction |
Kyber Network
KNC
|
0.46159625 |
details, prediction |
Enjin Coin
ENJ
|
0.39073345 |
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
|
TRON
TRX
|
-0.16374505 |
details, prediction |
KuCoin Shares
KCS
|
-0.089194454 |
details, prediction |
ZCash
ZEC
|
-0.078432016 |
details, prediction |
Ethereum Classic
ETC
|
-0.06376717 |
details, prediction |
Cardano
ADA
|
-0.022904886 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.46527207 |
details, prediction |
QTUM
QTUM
|
-0.45652196 |
details, prediction |
IOTA
IOT
|
-0.36964774 |
details, prediction |
Verge
XVG
|
-0.34645003 |
details, prediction |
Bitcoin SV
BSV
|
-0.34290025 |
details, prediction |
|
Third tier
|
Gas
GAS
|
-0.51353455 |
details, prediction |
Phantasma
SOUL
|
-0.456402 |
details, prediction |
BABB
BAX
|
-0.43423685 |
details, prediction |
Ontology
ONT
|
-0.42087448 |
details, prediction |
SysCoin
SYS
|
-0.40750483 |
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)