Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
OmiseGo
OMG
|
0.8209347 |
details, prediction |
Waves
WAVES
|
0.79759014 |
details, prediction |
EOS
EOS
|
0.7824589 |
details, prediction |
TRON
TRX
|
0.73020583 |
details, prediction |
Tezos
XTZ
|
0.70425737 |
details, prediction |
Second tier
|
Bytom
BTM
|
0.77880675 |
details, prediction |
Storj
STORJ
|
0.75670224 |
details, prediction |
Ocean Protocol
OCEAN
|
0.7544088 |
details, prediction |
Aragon
ANT
|
0.7317511 |
details, prediction |
iEx.ec
RLC
|
0.7283619 |
details, prediction |
Third tier
|
TrueChain
TRUE
|
0.85641104 |
details, prediction |
EDUCare
EKT
|
0.8481803 |
details, prediction |
IoT Chain
ITC
|
0.8190696 |
details, prediction |
GXChain
GXC
|
0.81765795 |
details, prediction |
eosDAC
EOSDAC
|
0.8154376 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kcash 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 Kcash
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.20678696 |
details, prediction |
Decred
DCR
|
0.32970554 |
details, prediction |
Fantom
FTM
|
0.3371417 |
details, prediction |
Crypto.com Chain
CRO
|
0.35551873 |
details, prediction |
Theta
THETA
|
0.36122006 |
details, prediction |
Second tier
|
GlitzKoin
GTN
|
0.087184936 |
details, prediction |
CyberVein
CVT
|
0.11143611 |
details, prediction |
DxChain
DX
|
0.12013177 |
details, prediction |
Paxos Standard
PAX
|
0.12316736 |
details, prediction |
USD//Coin
USDC
|
0.13353811 |
details, prediction |
Third tier
|
CryptoPay
CPAY
|
-0.5716861 |
details, prediction |
Kleros
PNK
|
-0.5632924 |
details, prediction |
VIBEHub
VIBE
|
-0.507845 |
details, prediction |
Dragon Coin
DRG
|
-0.48398933 |
details, prediction |
NAGA
NGC
|
-0.3941406 |
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)