Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9749731 |
details, prediction |
Ethereum Classic
ETC
|
0.9725349 |
details, prediction |
Cardano
ADA
|
0.9676372 |
details, prediction |
Dogecoin
DOGE
|
0.9634114 |
details, prediction |
Bitcoin
BTC
|
0.9407048 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9782468 |
details, prediction |
Theta
THETA
|
0.97385395 |
details, prediction |
Theta Fuel
TFUEL
|
0.97334546 |
details, prediction |
Synthetix Network Token
SNX
|
0.9728544 |
details, prediction |
Ravencoin
RVN
|
0.96868736 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.98418385 |
details, prediction |
Civic
CVC
|
0.9768922 |
details, prediction |
Gas
GAS
|
0.9751484 |
details, prediction |
ARK
ARK
|
0.97048897 |
details, prediction |
Steem
STEEM
|
0.9700398 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NEO 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 NEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.498756 |
details, prediction |
TRON
TRX
|
0.14360549 |
details, prediction |
ZCash
ZEC
|
0.1959703 |
details, prediction |
Monero
XMR
|
0.8226434 |
details, prediction |
Ethereum
ETH
|
0.82487583 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.89017415 |
details, prediction |
Dai
DAI
|
-0.7933541 |
details, prediction |
True USD
TUSD
|
-0.6566188 |
details, prediction |
Telcoin
TEL
|
0.4019238 |
details, prediction |
OriginTrail
TRAC
|
0.4957253 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.25427625 |
details, prediction |
Matrix AI Network
MAN
|
-0.24681816 |
details, prediction |
V Systems
VSYS
|
-0.055646647 |
details, prediction |
Phantasma
SOUL
|
-0.020698424 |
details, prediction |
NKN
NKN
|
0.3058927 |
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)