Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.8034938 |
details, prediction |
USD//Coin
USDC
|
0.72352916 |
details, prediction |
TRON
TRX
|
0.6804361 |
details, prediction |
Bitcoin SV
BSV
|
0.6688211 |
details, prediction |
XRP
XRP
|
0.6569433 |
details, prediction |
Second tier
|
Ontology
ONT
|
0.8046063 |
details, prediction |
Verge
XVG
|
0.7326563 |
details, prediction |
Zilliqa
ZIL
|
0.69305736 |
details, prediction |
Internet of Services
IOST
|
0.68097675 |
details, prediction |
Kyber Network
KNC
|
0.68065304 |
details, prediction |
Third tier
|
CyberMiles
CMT
|
0.8852457 |
details, prediction |
Mobius
MOBI
|
0.75833476 |
details, prediction |
Ambrosus
AMB
|
0.69807494 |
details, prediction |
Kcash
KCASH
|
0.6318993 |
details, prediction |
Elastos
ELA
|
0.6274699 |
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
|
Chiliz
CHZ
|
-0.64944524 |
details, prediction |
Dogecoin
DOGE
|
-0.5650286 |
details, prediction |
Theta
THETA
|
-0.55537033 |
details, prediction |
Binance Coin
BNB
|
-0.5498082 |
details, prediction |
Ethereum
ETH
|
-0.38059342 |
details, prediction |
Second tier
|
Lisk
LSK
|
-0.66030157 |
details, prediction |
SwissBorg
CHSB
|
-0.42525852 |
details, prediction |
Telcoin
TEL
|
-0.41692308 |
details, prediction |
OriginTrail
TRAC
|
-0.3766688 |
details, prediction |
NEM
XEM
|
-0.36496255 |
details, prediction |
Third tier
|
Gas
GAS
|
-0.7070778 |
details, prediction |
Nuls
NULS
|
-0.56528556 |
details, prediction |
Gemini Dollar
GUSD
|
-0.33848226 |
details, prediction |
DeepBrain Chain
DBC
|
-0.31369212 |
details, prediction |
Cortex
CTXC
|
-0.27097353 |
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)