Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.9812419 |
details, prediction |
IOTA
IOT
|
0.9804863 |
details, prediction |
Cardano
ADA
|
0.9800352 |
details, prediction |
ChainLink
LINK
|
0.97991216 |
details, prediction |
Cosmos
ATOM
|
0.9772395 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.98441017 |
details, prediction |
Fantom
FTM
|
0.9838713 |
details, prediction |
Enjin Coin
ENJ
|
0.98309535 |
details, prediction |
Dent
DENT
|
0.9813093 |
details, prediction |
Horizen
ZEN
|
0.98118436 |
details, prediction |
Third tier
|
NKN
NKN
|
0.9803098 |
details, prediction |
Stox
STX
|
0.97983366 |
details, prediction |
Hydro Protocol
HOT
|
0.97948146 |
details, prediction |
Genaro Network
GNX
|
0.9794097 |
details, prediction |
Walton
WTC
|
0.977703 |
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
|
-0.34221646 |
details, prediction |
Monero
XMR
|
0.6915877 |
details, prediction |
KuCoin Shares
KCS
|
0.8054239 |
details, prediction |
UNUS SED LEO
LEO
|
0.81202525 |
details, prediction |
Huobi Token
HT
|
0.8525515 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.6191482 |
details, prediction |
USD//Coin
USDC
|
-0.61618257 |
details, prediction |
Dai
DAI
|
-0.544816 |
details, prediction |
Paxos Standard
PAX
|
-0.4171637 |
details, prediction |
EthLend
LEND
|
-0.39898345 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9044002 |
details, prediction |
Gemini Dollar
GUSD
|
-0.72148514 |
details, prediction |
ILCoin
ILC
|
-0.6494906 |
details, prediction |
FeatherCoin
FTC
|
-0.6122081 |
details, prediction |
Envion
EVN
|
-0.57906014 |
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)