Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.85340196 |
details, prediction |
Bitcoin Cash
BCH
|
0.7965433 |
details, prediction |
Litecoin
LTC
|
0.7665744 |
details, prediction |
XRP
XRP
|
0.7653982 |
details, prediction |
Ethereum Classic
ETC
|
0.7453403 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.8889398 |
details, prediction |
Tezos
XTZ
|
0.8589851 |
details, prediction |
Theta Fuel
TFUEL
|
0.85619223 |
details, prediction |
Bitcoin Gold
BTG
|
0.84694767 |
details, prediction |
Telcoin
TEL
|
0.83691907 |
details, prediction |
|
Third tier
|
NEM
XEM
|
0.91909033 |
details, prediction |
Komodo
KMD
|
0.9073443 |
details, prediction |
Stox
STX
|
0.89369625 |
details, prediction |
IoTeX
IOTX
|
0.8478962 |
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
|
-0.8212964 |
details, prediction |
UNUS SED LEO
LEO
|
0.21503663 |
details, prediction |
ZCash
ZEC
|
0.30390754 |
details, prediction |
ChainLink
LINK
|
0.5547863 |
details, prediction |
Ethereum
ETH
|
0.61454445 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.300057 |
details, prediction |
True USD
TUSD
|
-0.07793747 |
details, prediction |
Algorand
ALGO
|
0.13532044 |
details, prediction |
Nexo
NEXO
|
0.2824205 |
details, prediction |
Decred
DCR
|
0.29377764 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.803944 |
details, prediction |
OPEN Platform
OPEN
|
-0.46021733 |
details, prediction |
Enjin Coin
ENJ
|
-0.23089097 |
details, prediction |
HEROcoin
PLAY
|
-0.1922272 |
details, prediction |
NKN
NKN
|
0.008756713 |
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)