Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.12820683 |
details, prediction |
KuCoin Shares
KCS
|
-0.0899335 |
details, prediction |
TRON
TRX
|
-0.12555134 |
details, prediction |
Bitcoin Cash
BCH
|
-0.42675376 |
details, prediction |
Ethereum Classic
ETC
|
-0.45206872 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.81717414 |
details, prediction |
aelf
ELF
|
0.75884473 |
details, prediction |
USD//Coin
USDC
|
0.73400885 |
details, prediction |
True USD
TUSD
|
0.70098096 |
details, prediction |
Telcoin
TEL
|
0.5534382 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.90815115 |
details, prediction |
Storj
STORJ
|
0.8215705 |
details, prediction |
PIVX
PIVX
|
0.6963524 |
details, prediction |
NKN
NKN
|
0.68041116 |
details, prediction |
OPEN Platform
OPEN
|
0.6132875 |
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
|
ChainLink
LINK
|
-0.9063713 |
details, prediction |
Monero
XMR
|
-0.905581 |
details, prediction |
Binance Coin
BNB
|
-0.89402825 |
details, prediction |
Ethereum
ETH
|
-0.8804795 |
details, prediction |
Bitcoin
BTC
|
-0.8475979 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
-0.81513387 |
details, prediction |
Horizen
ZEN
|
-0.7911348 |
details, prediction |
Vechain
VET
|
-0.788379 |
details, prediction |
Theta
THETA
|
-0.7815341 |
details, prediction |
DASH
DASH
|
-0.7351384 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.8024377 |
details, prediction |
Bancor
BNT
|
-0.7661203 |
details, prediction |
Stox
STX
|
-0.73231524 |
details, prediction |
Gas
GAS
|
-0.6757432 |
details, prediction |
Ontology
ONT
|
-0.6686279 |
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)