Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8959753 |
details, prediction |
Dogecoin
DOGE
|
0.8950111 |
details, prediction |
Stellar
XLM
|
0.8455499 |
details, prediction |
Bitcoin Cash
BCH
|
0.6997259 |
details, prediction |
KuCoin Shares
KCS
|
0.69579715 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.9448815 |
details, prediction |
Synthetix Network Token
SNX
|
0.92137074 |
details, prediction |
iEx.ec
RLC
|
0.9190292 |
details, prediction |
Verge
XVG
|
0.918228 |
details, prediction |
Algorand
ALGO
|
0.90748656 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.96798086 |
details, prediction |
ARK
ARK
|
0.9475724 |
details, prediction |
Steem
STEEM
|
0.93981504 |
details, prediction |
Civic
CVC
|
0.9134104 |
details, prediction |
Power Ledger
POWR
|
0.90440357 |
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
|
Monero
XMR
|
-0.10261976 |
details, prediction |
ChainLink
LINK
|
0.048928622 |
details, prediction |
Ethereum
ETH
|
0.054756 |
details, prediction |
ZCash
ZEC
|
0.12578073 |
details, prediction |
TRON
TRX
|
0.22954363 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7938011 |
details, prediction |
DigiByte
DGB
|
-0.23638505 |
details, prediction |
Bitcoin SV
BSV
|
-0.09278522 |
details, prediction |
USD//Coin
USDC
|
-0.055852916 |
details, prediction |
True USD
TUSD
|
0.0073515926 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.47676784 |
details, prediction |
V Systems
VSYS
|
-0.3572578 |
details, prediction |
Propy
PRO
|
-0.3193249 |
details, prediction |
Matrix AI Network
MAN
|
0.044423603 |
details, prediction |
Phantasma
SOUL
|
0.10286469 |
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)