Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.88931054 |
details, prediction |
Cardano
ADA
|
0.86243546 |
details, prediction |
Bitcoin Cash
BCH
|
0.7227133 |
details, prediction |
XRP
XRP
|
0.6882354 |
details, prediction |
Binance Coin
BNB
|
0.67400193 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.86097044 |
details, prediction |
Telcoin
TEL
|
0.8369733 |
details, prediction |
OriginTrail
TRAC
|
0.8153423 |
details, prediction |
Tezos
XTZ
|
0.8136995 |
details, prediction |
Verge
XVG
|
0.80645186 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.8698816 |
details, prediction |
Stox
STX
|
0.86133623 |
details, prediction |
NEM
XEM
|
0.83941954 |
details, prediction |
IoTeX
IOTX
|
0.79366964 |
details, prediction |
SysCoin
SYS
|
0.79096323 |
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
|
-0.9002776 |
details, prediction |
ZCash
ZEC
|
-0.2459877 |
details, prediction |
Ethereum
ETH
|
0.22739881 |
details, prediction |
Bitcoin
BTC
|
0.24931751 |
details, prediction |
KuCoin Shares
KCS
|
0.38830978 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.37899935 |
details, prediction |
Nexo
NEXO
|
-0.26954767 |
details, prediction |
Chiliz
CHZ
|
-0.1629259 |
details, prediction |
Bitcoin SV
BSV
|
-0.0852033 |
details, prediction |
True USD
TUSD
|
-0.055635717 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.82907254 |
details, prediction |
OPEN Platform
OPEN
|
-0.5599962 |
details, prediction |
Enjin Coin
ENJ
|
-0.47655022 |
details, prediction |
V Systems
VSYS
|
-0.35120338 |
details, prediction |
LAToken
LA
|
-0.3417849 |
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)