Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8141353 |
details, prediction |
Bitcoin
BTC
|
0.783036 |
details, prediction |
XRP
XRP
|
0.73494536 |
details, prediction |
Litecoin
LTC
|
0.73328185 |
details, prediction |
Monero
XMR
|
0.7174866 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.85974056 |
details, prediction |
Tezos
XTZ
|
0.81833065 |
details, prediction |
Theta Fuel
TFUEL
|
0.81330436 |
details, prediction |
Siacoin
SC
|
0.8045349 |
details, prediction |
IOTA
IOT
|
0.79471797 |
details, prediction |
|
Third tier
|
NEM
XEM
|
0.8973963 |
details, prediction |
Chronobank
TIME
|
0.8892338 |
details, prediction |
Komodo
KMD
|
0.868907 |
details, prediction |
Stox
STX
|
0.84444845 |
details, prediction |
Loopring
LRC
|
0.8402397 |
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
|
-0.74993175 |
details, prediction |
UNUS SED LEO
LEO
|
0.21503663 |
details, prediction |
ChainLink
LINK
|
0.52343524 |
details, prediction |
Stellar
XLM
|
0.59107417 |
details, prediction |
Binance Coin
BNB
|
0.6205921 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.41061917 |
details, prediction |
True USD
TUSD
|
-0.1422667 |
details, prediction |
Decred
DCR
|
0.13542996 |
details, prediction |
Nexo
NEXO
|
0.33952975 |
details, prediction |
USD//Coin
USDC
|
0.36695498 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.7292675 |
details, prediction |
NKN
NKN
|
-0.21187498 |
details, prediction |
OPEN Platform
OPEN
|
-0.004632422 |
details, prediction |
Dent
DENT
|
0.12336652 |
details, prediction |
HEROcoin
PLAY
|
0.12676644 |
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)