Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8563827 |
details, prediction |
Dogecoin
DOGE
|
0.84519184 |
details, prediction |
Bitcoin
BTC
|
0.7767813 |
details, prediction |
Ethereum
ETH
|
0.7733873 |
details, prediction |
ZCash
ZEC
|
0.7069893 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.8151805 |
details, prediction |
DigiByte
DGB
|
0.8092269 |
details, prediction |
Algorand
ALGO
|
0.76737654 |
details, prediction |
Request Network
REQ
|
0.7382428 |
details, prediction |
QTUM
QTUM
|
0.6849329 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.8923861 |
details, prediction |
Ontology
ONT
|
0.8488261 |
details, prediction |
Internet of Services
IOST
|
0.7858259 |
details, prediction |
SysCoin
SYS
|
0.77884203 |
details, prediction |
Wanchain
WAN
|
0.7645138 |
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
|
0.005418645 |
details, prediction |
ChainLink
LINK
|
0.3040728 |
details, prediction |
TRON
TRX
|
0.30544296 |
details, prediction |
Bitcoin Cash
BCH
|
0.36961663 |
details, prediction |
KuCoin Shares
KCS
|
0.42719483 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
-0.009925896 |
details, prediction |
Decred
DCR
|
-0.0022001204 |
details, prediction |
Cosmos
ATOM
|
0.15183897 |
details, prediction |
Theta
THETA
|
0.170048 |
details, prediction |
Chiliz
CHZ
|
0.18016055 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.31785324 |
details, prediction |
OPEN Platform
OPEN
|
-0.0376489 |
details, prediction |
BOScoin
BOS
|
0.23475869 |
details, prediction |
Stox
STX
|
0.24368852 |
details, prediction |
Propy
PRO
|
0.33415946 |
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)