Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.93596756 |
details, prediction |
Ethereum
ETH
|
0.92785174 |
details, prediction |
Binance Coin
BNB
|
0.91903925 |
details, prediction |
SONM
SNM
|
0.9111993 |
details, prediction |
Litecoin
LTC
|
0.9008279 |
details, prediction |
Second tier
|
Huobi Token
HT
|
0.95930314 |
details, prediction |
Decred
DCR
|
0.945773 |
details, prediction |
QTUM
QTUM
|
0.9408759 |
details, prediction |
Aragon
ANT
|
0.93392533 |
details, prediction |
OmiseGo
OMG
|
0.9310946 |
details, prediction |
Third tier
|
Asch
XAS
|
0.96530426 |
details, prediction |
HalalChain
HLC
|
0.9598001 |
details, prediction |
Colu Local Network
CLN
|
0.9538492 |
details, prediction |
Nimiq
NET
|
0.94931877 |
details, prediction |
Sentinel Protocol
UPP
|
0.94848764 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Onix 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 Onix
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.7489402 |
details, prediction |
Dogecoin
DOGE
|
-0.5868433 |
details, prediction |
Vechain
VET
|
-0.18968886 |
details, prediction |
Stellar
XLM
|
0.09663398 |
details, prediction |
Bitcoin
BTC
|
0.14874595 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.72876513 |
details, prediction |
True USD
TUSD
|
-0.47034654 |
details, prediction |
Dai
DAI
|
-0.0016035087 |
details, prediction |
Nano
NANO
|
0.11282305 |
details, prediction |
DigiByte
DGB
|
0.35551038 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.88537806 |
details, prediction |
Vitae
VITAE
|
-0.55159014 |
details, prediction |
BHPCash
BHPC
|
-0.5498659 |
details, prediction |
Speed Mining Service
SMS
|
-0.437292 |
details, prediction |
NIX
NIX
|
-0.42958632 |
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)