Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.92762625 |
details, prediction |
Cardano
ADA
|
0.9232611 |
details, prediction |
Bitcoin
BTC
|
0.9121585 |
details, prediction |
Ethereum
ETH
|
0.9068868 |
details, prediction |
Stellar
XLM
|
0.9058532 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
0.9115035 |
details, prediction |
IOTA
IOT
|
0.9107431 |
details, prediction |
0x
ZRX
|
0.9057047 |
details, prediction |
Basic Attention Token
BAT
|
0.8950515 |
details, prediction |
Nexo
NEXO
|
0.88860536 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.9070085 |
details, prediction |
Kyber Network
KNC
|
0.8936016 |
details, prediction |
Phantasma
SOUL
|
0.8891276 |
details, prediction |
IoTeX
IOTX
|
0.88205814 |
details, prediction |
Lisk
LSK
|
0.87766266 |
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
|
-0.22168973 |
details, prediction |
Binance Coin
BNB
|
0.0773364 |
details, prediction |
Dogecoin
DOGE
|
0.5366291 |
details, prediction |
ChainLink
LINK
|
0.60578 |
details, prediction |
Crypto.com Chain
CRO
|
0.631178 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.47071385 |
details, prediction |
Dai
DAI
|
-0.44460672 |
details, prediction |
Ardor
ARDR
|
-0.060992133 |
details, prediction |
Decred
DCR
|
0.19727392 |
details, prediction |
Zilliqa
ZIL
|
0.2007848 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.530721 |
details, prediction |
HEROcoin
PLAY
|
-0.42325902 |
details, prediction |
BOScoin
BOS
|
-0.38354263 |
details, prediction |
Dero
DERO
|
-0.09535734 |
details, prediction |
Elastos
ELA
|
0.36535633 |
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)