Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8378255 |
details, prediction |
Litecoin
LTC
|
0.79867876 |
details, prediction |
Ethereum
ETH
|
0.7959366 |
details, prediction |
Stellar
XLM
|
0.7772899 |
details, prediction |
Bitcoin
BTC
|
0.7507403 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.8824801 |
details, prediction |
0x
ZRX
|
0.83608365 |
details, prediction |
HoloToken
HOT
|
0.83159566 |
details, prediction |
Telcoin
TEL
|
0.80870414 |
details, prediction |
aelf
ELF
|
0.80112535 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.8300824 |
details, prediction |
Bancor
BNT
|
0.798942 |
details, prediction |
Lisk
LSK
|
0.7927708 |
details, prediction |
V Systems
VSYS
|
0.7905992 |
details, prediction |
FunFair
FUN
|
0.7893783 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matrix AI Network 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 Matrix AI Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.25659764 |
details, prediction |
Binance Coin
BNB
|
0.20242484 |
details, prediction |
UNUS SED LEO
LEO
|
0.4154802 |
details, prediction |
Dogecoin
DOGE
|
0.42736286 |
details, prediction |
KuCoin Shares
KCS
|
0.58639246 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.46032727 |
details, prediction |
True USD
TUSD
|
-0.38102257 |
details, prediction |
Ardor
ARDR
|
0.06747182 |
details, prediction |
Decred
DCR
|
0.087455235 |
details, prediction |
Zilliqa
ZIL
|
0.1843864 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.4937757 |
details, prediction |
HEROcoin
PLAY
|
-0.38711762 |
details, prediction |
BOScoin
BOS
|
-0.11019831 |
details, prediction |
Dero
DERO
|
-0.064261466 |
details, prediction |
Elastos
ELA
|
0.2757995 |
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)