Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.9556106 |
details, prediction |
Bitcoin
BTC
|
0.9413456 |
details, prediction |
Theta
THETA
|
0.9328943 |
details, prediction |
FTX Token
FTT
|
0.922123 |
details, prediction |
KuCoin Shares
KCS
|
0.91867167 |
details, prediction |
Second tier
|
NEM
XEM
|
0.95801324 |
details, prediction |
Augur
REP
|
0.9430408 |
details, prediction |
Dent
DENT
|
0.9423657 |
details, prediction |
Civic
CVC
|
0.9394668 |
details, prediction |
Polymath Network
POLY
|
0.9386863 |
details, prediction |
Third tier
|
NKN
NKN
|
0.9353302 |
details, prediction |
Hydro Protocol
HOT
|
0.9260668 |
details, prediction |
Aion
AION
|
0.9204061 |
details, prediction |
Komodo
KMD
|
0.8941273 |
details, prediction |
Beam
BEAM
|
0.88307726 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ontology 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 Ontology
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.17567435 |
details, prediction |
Monero
XMR
|
0.22796878 |
details, prediction |
UNUS SED LEO
LEO
|
0.43536353 |
details, prediction |
Waves
WAVES
|
0.53565234 |
details, prediction |
ZCash
ZEC
|
0.5807904 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.88566273 |
details, prediction |
Dai
DAI
|
-0.876842 |
details, prediction |
True USD
TUSD
|
-0.69894725 |
details, prediction |
Paxos Standard
PAX
|
-0.6765551 |
details, prediction |
EthLend
LEND
|
-0.31140444 |
details, prediction |
Third tier
|
FeatherCoin
FTC
|
-0.69264036 |
details, prediction |
ILCoin
ILC
|
-0.6864135 |
details, prediction |
Envion
EVN
|
-0.6505201 |
details, prediction |
B2B
B2B
|
-0.63514996 |
details, prediction |
Time New Bank
TNB
|
-0.5525223 |
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)