Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.86378264 |
details, prediction |
Crypto.com Chain
CRO
|
0.8408129 |
details, prediction |
XRP
XRP
|
0.46778342 |
details, prediction |
Litecoin
LTC
|
0.40893644 |
details, prediction |
Binance Coin
BNB
|
0.35039446 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.85935414 |
details, prediction |
Decred
DCR
|
0.8360355 |
details, prediction |
Bitcoin Gold
BTG
|
0.8047174 |
details, prediction |
Theta Fuel
TFUEL
|
0.7360763 |
details, prediction |
Tezos
XTZ
|
0.70555544 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9150464 |
details, prediction |
Komodo
KMD
|
0.8581008 |
details, prediction |
Stox
STX
|
0.7906891 |
details, prediction |
NEM
XEM
|
0.745903 |
details, prediction |
IoTeX
IOTX
|
0.73813397 |
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
|
-0.7524243 |
details, prediction |
KuCoin Shares
KCS
|
-0.41263157 |
details, prediction |
ZCash
ZEC
|
-0.32778832 |
details, prediction |
Bitcoin
BTC
|
-0.12375313 |
details, prediction |
Ethereum
ETH
|
-0.11141548 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7530482 |
details, prediction |
USD//Coin
USDC
|
-0.5932697 |
details, prediction |
Algorand
ALGO
|
-0.58741367 |
details, prediction |
iEx.ec
RLC
|
-0.5001786 |
details, prediction |
Chiliz
CHZ
|
-0.4549109 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.7296331 |
details, prediction |
Electroneum
ETN
|
-0.67096317 |
details, prediction |
HEROcoin
PLAY
|
-0.58236456 |
details, prediction |
V Systems
VSYS
|
-0.4489491 |
details, prediction |
Enjin Coin
ENJ
|
-0.43517134 |
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)