Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.74309474 |
details, prediction |
Ethereum
ETH
|
0.6653888 |
details, prediction |
Chiliz
CHZ
|
0.6498169 |
details, prediction |
Binance Coin
BNB
|
0.6442008 |
details, prediction |
Vechain
VET
|
0.595614 |
details, prediction |
Second tier
|
Zilliqa
ZIL
|
0.7726485 |
details, prediction |
Nexo
NEXO
|
0.71503884 |
details, prediction |
Status
SNT
|
0.6879271 |
details, prediction |
0x
ZRX
|
0.684977 |
details, prediction |
Kyber Network
KNC
|
0.6190432 |
details, prediction |
Third tier
|
0chain
ZCN
|
0.76598144 |
details, prediction |
Linker Coin
LNC
|
0.7454764 |
details, prediction |
QuarkChain
QKC
|
0.73948485 |
details, prediction |
Kambria
KAT
|
0.7389154 |
details, prediction |
Haven Protocol
XHV
|
0.7205349 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LITEX 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 LITEX
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
-0.43045938 |
details, prediction |
USD//Coin
USDC
|
-0.386368 |
details, prediction |
Cosmos
ATOM
|
-0.23736992 |
details, prediction |
SONM
SNM
|
-0.22061588 |
details, prediction |
IOTA
IOT
|
-0.17215642 |
details, prediction |
Second tier
|
MonaCoin
MONA
|
-0.5363799 |
details, prediction |
True USD
TUSD
|
-0.49314272 |
details, prediction |
SwissBorg
CHSB
|
-0.43577793 |
details, prediction |
Aragon
ANT
|
-0.39778233 |
details, prediction |
Dai
DAI
|
-0.37389657 |
details, prediction |
Third tier
|
Chronobank
TIME
|
-0.6765756 |
details, prediction |
Particl
PART
|
-0.67042565 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6348306 |
details, prediction |
OKCash
OK
|
-0.605553 |
details, prediction |
THEKEY
TKY
|
-0.60432786 |
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)