Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.69164884 |
details, prediction |
ZCash
ZEC
|
0.22806889 |
details, prediction |
UNUS SED LEO
LEO
|
0.05529641 |
details, prediction |
Ethereum
ETH
|
-0.0024852967 |
details, prediction |
Bitcoin
BTC
|
-0.11388487 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.8166929 |
details, prediction |
Algorand
ALGO
|
0.46485168 |
details, prediction |
Dai
DAI
|
0.12976976 |
details, prediction |
True USD
TUSD
|
0.122226164 |
details, prediction |
Nexo
NEXO
|
-0.0010319209 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.7972546 |
details, prediction |
Streamr DATAcoin
DATA
|
0.616543 |
details, prediction |
OPEN Platform
OPEN
|
0.3658746 |
details, prediction |
Enjin Coin
ENJ
|
0.32247302 |
details, prediction |
NKN
NKN
|
0.22591402 |
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
|
Bitcoin Cash
BCH
|
-0.528366 |
details, prediction |
Cardano
ADA
|
-0.49172348 |
details, prediction |
Binance Coin
BNB
|
-0.39098224 |
details, prediction |
XRP
XRP
|
-0.3859858 |
details, prediction |
Crypto.com Chain
CRO
|
-0.38013265 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.590803 |
details, prediction |
DigiByte
DGB
|
-0.5681754 |
details, prediction |
Theta Fuel
TFUEL
|
-0.56414086 |
details, prediction |
Siacoin
SC
|
-0.5492303 |
details, prediction |
Zilliqa
ZIL
|
-0.5278412 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.803944 |
details, prediction |
NEM
XEM
|
-0.7546711 |
details, prediction |
Komodo
KMD
|
-0.68637615 |
details, prediction |
Chronobank
TIME
|
-0.66508126 |
details, prediction |
Stox
STX
|
-0.58084095 |
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)