Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.40610006 |
details, prediction |
Litecoin
LTC
|
0.40040058 |
details, prediction |
Binance Coin
BNB
|
0.38704738 |
details, prediction |
NEO
NEO
|
0.38046607 |
details, prediction |
Ethereum Classic
ETC
|
0.36561212 |
details, prediction |
Second tier
|
Steem
STEEM
|
0.4270673 |
details, prediction |
Stox
STX
|
0.42572245 |
details, prediction |
Ardor
ARDR
|
0.4094258 |
details, prediction |
ZCash
ZEC
|
0.37454006 |
details, prediction |
Decentraland
MANA
|
0.37361556 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.524596 |
details, prediction |
Pillar
PLR
|
0.46911857 |
details, prediction |
Pluton
PLU
|
0.45878708 |
details, prediction |
EXRNchain
EXRN
|
0.45790008 |
details, prediction |
NAGA
NGC
|
0.4303951 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IncaKoin 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 IncaKoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.16342795 |
details, prediction |
Maker
MKR
|
-0.13554484 |
details, prediction |
Dogecoin
DOGE
|
-0.061980993 |
details, prediction |
Vechain
VET
|
0.07146244 |
details, prediction |
XRP
XRP
|
0.089598484 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.2715461 |
details, prediction |
Ravencoin
RVN
|
-0.24400194 |
details, prediction |
Nexo
NEXO
|
-0.22145642 |
details, prediction |
True USD
TUSD
|
-0.20974566 |
details, prediction |
Quant Network
QNT
|
-0.2031576 |
details, prediction |
Third tier
|
Nasdacoin
NSD
|
-0.4144886 |
details, prediction |
Dero
DERO
|
-0.3523493 |
details, prediction |
Tycoon Global
TCT
|
-0.29712144 |
details, prediction |
Xaurum
XAUR
|
-0.2955067 |
details, prediction |
Metaverse
ETP
|
-0.2673706 |
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)