Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9754454 |
details, prediction |
Dogecoin
DOGE
|
0.9729666 |
details, prediction |
XRP
XRP
|
0.9447533 |
details, prediction |
Bitcoin Cash
BCH
|
0.9142265 |
details, prediction |
Bitcoin
BTC
|
0.84420776 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.988152 |
details, prediction |
Synthetix Network Token
SNX
|
0.976914 |
details, prediction |
Tezos
XTZ
|
0.9707266 |
details, prediction |
Verge
XVG
|
0.9677295 |
details, prediction |
Ravencoin
RVN
|
0.96590674 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.9816134 |
details, prediction |
Kyber Network
KNC
|
0.97831374 |
details, prediction |
Civic
CVC
|
0.97781616 |
details, prediction |
Gas
GAS
|
0.9772132 |
details, prediction |
Steem
STEEM
|
0.9771959 |
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
|
-0.028948314 |
details, prediction |
Monero
XMR
|
0.1900127 |
details, prediction |
ChainLink
LINK
|
0.44349274 |
details, prediction |
ZCash
ZEC
|
0.45995826 |
details, prediction |
Ethereum
ETH
|
0.48025653 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.77035755 |
details, prediction |
USD//Coin
USDC
|
-0.5440619 |
details, prediction |
True USD
TUSD
|
-0.18171638 |
details, prediction |
DigiByte
DGB
|
-0.075950794 |
details, prediction |
Bitcoin SV
BSV
|
0.3012705 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.2750901 |
details, prediction |
NKN
NKN
|
-0.16684924 |
details, prediction |
V Systems
VSYS
|
-0.098046616 |
details, prediction |
Phantasma
SOUL
|
0.01541952 |
details, prediction |
Matrix AI Network
MAN
|
0.21826161 |
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)