Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9486974 |
details, prediction |
Ethereum
ETH
|
0.94653696 |
details, prediction |
Ethereum Classic
ETC
|
0.946022 |
details, prediction |
Bitcoin
BTC
|
0.9439646 |
details, prediction |
Bitcoin Cash
BCH
|
0.9410211 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.93159246 |
details, prediction |
DASH
DASH
|
0.93125886 |
details, prediction |
Status
SNT
|
0.927532 |
details, prediction |
Basic Attention Token
BAT
|
0.926408 |
details, prediction |
iEx.ec
RLC
|
0.925961 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.92230654 |
details, prediction |
Internet of Services
IOST
|
0.9185053 |
details, prediction |
SingularityNET
AGI
|
0.9091353 |
details, prediction |
Kyber Network
KNC
|
0.9076444 |
details, prediction |
IoTeX
IOTX
|
0.9072939 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that KuCoin Shares 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 KuCoin Shares
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6007435 |
details, prediction |
UNUS SED LEO
LEO
|
0.22113557 |
details, prediction |
ChainLink
LINK
|
0.71473384 |
details, prediction |
Crypto.com Chain
CRO
|
0.7729488 |
details, prediction |
Binance Coin
BNB
|
0.8175384 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.44495872 |
details, prediction |
Dai
DAI
|
-0.36466557 |
details, prediction |
True USD
TUSD
|
0.16162273 |
details, prediction |
Nexo
NEXO
|
0.34772974 |
details, prediction |
Verge
XVG
|
0.39593625 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.7265953 |
details, prediction |
Dent
DENT
|
-0.2794021 |
details, prediction |
Ontology
ONT
|
-0.2147617 |
details, prediction |
OPEN Platform
OPEN
|
-0.011659175 |
details, prediction |
Propy
PRO
|
0.02028331 |
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)