Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.64521575 |
details, prediction |
XRP
XRP
|
0.63533837 |
details, prediction |
Bitcoin Cash
BCH
|
0.6066619 |
details, prediction |
Ethereum
ETH
|
0.55729353 |
details, prediction |
KuCoin Shares
KCS
|
0.5197939 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.7675843 |
details, prediction |
Theta Fuel
TFUEL
|
0.6865653 |
details, prediction |
Tezos
XTZ
|
0.6739586 |
details, prediction |
Nexo
NEXO
|
0.6634752 |
details, prediction |
Ravencoin
RVN
|
0.6541847 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.7603105 |
details, prediction |
IoTeX
IOTX
|
0.69418705 |
details, prediction |
LAToken
LA
|
0.67670405 |
details, prediction |
NEM
XEM
|
0.6420635 |
details, prediction |
Civic
CVC
|
0.635255 |
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
|
-0.46822652 |
details, prediction |
ZCash
ZEC
|
-0.4175739 |
details, prediction |
Stellar
XLM
|
-0.30506593 |
details, prediction |
Binance Coin
BNB
|
-0.08852234 |
details, prediction |
Dogecoin
DOGE
|
0.0735679 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.51950467 |
details, prediction |
Telcoin
TEL
|
-0.50891936 |
details, prediction |
Dai
DAI
|
-0.41850963 |
details, prediction |
Algorand
ALGO
|
-0.24308625 |
details, prediction |
USD//Coin
USDC
|
-0.22421706 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.56468564 |
details, prediction |
Dero
DERO
|
-0.28819287 |
details, prediction |
Komodo
KMD
|
-0.24984646 |
details, prediction |
Constellation
DAG
|
-0.16743377 |
details, prediction |
FunFair
FUN
|
0.047080707 |
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)