Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9714229 |
details, prediction |
Litecoin
LTC
|
0.9693959 |
details, prediction |
XRP
XRP
|
0.96856534 |
details, prediction |
Crypto.com Chain
CRO
|
0.962978 |
details, prediction |
Ethereum Classic
ETC
|
0.95261294 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9718366 |
details, prediction |
Siacoin
SC
|
0.969128 |
details, prediction |
Theta Fuel
TFUEL
|
0.9673566 |
details, prediction |
Zilliqa
ZIL
|
0.96605706 |
details, prediction |
Status
SNT
|
0.965333 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9877902 |
details, prediction |
SwftCoin
SWFTC
|
0.9780509 |
details, prediction |
Civic
CVC
|
0.9771769 |
details, prediction |
IoTeX
IOTX
|
0.97518647 |
details, prediction |
ARK
ARK
|
0.9680528 |
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
|
-0.60678315 |
details, prediction |
ZCash
ZEC
|
0.018042628 |
details, prediction |
TRON
TRX
|
0.099757805 |
details, prediction |
Binance Coin
BNB
|
0.70710105 |
details, prediction |
Monero
XMR
|
0.7312283 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7986437 |
details, prediction |
Dai
DAI
|
-0.7074005 |
details, prediction |
True USD
TUSD
|
-0.52309763 |
details, prediction |
Telcoin
TEL
|
-0.1260869 |
details, prediction |
OriginTrail
TRAC
|
0.11431693 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5545669 |
details, prediction |
Matrix AI Network
MAN
|
-0.17841333 |
details, prediction |
Komodo
KMD
|
-0.13246752 |
details, prediction |
Propy
PRO
|
-3.7544162E-4 |
details, prediction |
V Systems
VSYS
|
0.06329402 |
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)