Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.64085007 |
details, prediction |
KuCoin Shares
KCS
|
0.39727136 |
details, prediction |
Dogecoin
DOGE
|
0.36567926 |
details, prediction |
Ethereum Classic
ETC
|
0.30595663 |
details, prediction |
Bitcoin Cash
BCH
|
-0.06600756 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.8989368 |
details, prediction |
FTX Token
FTT
|
0.84371936 |
details, prediction |
Cosmos
ATOM
|
0.83051515 |
details, prediction |
Basic Attention Token
BAT
|
0.81368667 |
details, prediction |
Telcoin
TEL
|
0.8064237 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.85015786 |
details, prediction |
Enjin Coin
ENJ
|
0.7946961 |
details, prediction |
PIVX
PIVX
|
0.7637388 |
details, prediction |
BABB
BAX
|
0.7209645 |
details, prediction |
Dero
DERO
|
0.69716495 |
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
|
Ethereum
ETH
|
-0.47588372 |
details, prediction |
Monero
XMR
|
-0.4586506 |
details, prediction |
ChainLink
LINK
|
-0.42027736 |
details, prediction |
Cardano
ADA
|
-0.3770735 |
details, prediction |
ZCash
ZEC
|
-0.34983078 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.65546006 |
details, prediction |
Dai
DAI
|
-0.6120461 |
details, prediction |
Decred
DCR
|
-0.562419 |
details, prediction |
Bitcoin SV
BSV
|
-0.5259406 |
details, prediction |
HoloToken
HOT
|
-0.32954696 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6693596 |
details, prediction |
SysCoin
SYS
|
-0.46213618 |
details, prediction |
NKN
NKN
|
-0.4095855 |
details, prediction |
Hydro Protocol
HOT
|
-0.33481294 |
details, prediction |
Dent
DENT
|
-0.27012202 |
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)