Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.8623015 |
details, prediction |
IOTA
IOT
|
0.8396665 |
details, prediction |
Stellar
XLM
|
0.82705337 |
details, prediction |
Ethereum Classic
ETC
|
0.8106458 |
details, prediction |
XRP
XRP
|
0.8042845 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.9075182 |
details, prediction |
QTUM
QTUM
|
0.9029356 |
details, prediction |
Ravencoin
RVN
|
0.8813426 |
details, prediction |
Lisk
LSK
|
0.86268663 |
details, prediction |
Steem
STEEM
|
0.86229366 |
details, prediction |
Third tier
|
Darico
DEC
|
0.92712516 |
details, prediction |
Gas
GAS
|
0.90506715 |
details, prediction |
PIVX
PIVX
|
0.87468266 |
details, prediction |
Matic Network
MATIC
|
0.8554251 |
details, prediction |
Melon
MLN
|
0.8138388 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Komodo 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 Komodo
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.31212425 |
details, prediction |
Huobi Token
HT
|
0.030061996 |
details, prediction |
Theta
THETA
|
0.15255503 |
details, prediction |
Dogecoin
DOGE
|
0.28333223 |
details, prediction |
Binance Coin
BNB
|
0.28425118 |
details, prediction |
Second tier
|
Centrality
CENNZ
|
-0.48357618 |
details, prediction |
KuCoin Shares
KCS
|
-0.33774975 |
details, prediction |
HedgeTrade
HEDG
|
-0.255954 |
details, prediction |
CyberVein
CVT
|
-0.19644742 |
details, prediction |
GlitzKoin
GTN
|
-0.18721071 |
details, prediction |
Third tier
|
Morpheus Network
MORPH
|
-0.63644904 |
details, prediction |
ODEM
ODEM
|
-0.6177442 |
details, prediction |
Napoleon X
NPX
|
-0.6002975 |
details, prediction |
PolySwarm
NCT
|
-0.59699214 |
details, prediction |
FlorinCoin
FLO
|
-0.5570691 |
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)