Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.30337217 |
details, prediction |
Stellar
XLM
|
0.24349734 |
details, prediction |
Ethereum Classic
ETC
|
0.08900639 |
details, prediction |
Bitcoin Cash
BCH
|
0.046649046 |
details, prediction |
XRP
XRP
|
-0.041081868 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.6116736 |
details, prediction |
Chiliz
CHZ
|
0.5641117 |
details, prediction |
iEx.ec
RLC
|
0.47908354 |
details, prediction |
OriginTrail
TRAC
|
0.43318865 |
details, prediction |
IOTA
IOT
|
0.40971926 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.88831043 |
details, prediction |
IoTeX
IOTX
|
0.49731976 |
details, prediction |
PIVX
PIVX
|
0.42613995 |
details, prediction |
LAToken
LA
|
0.4246555 |
details, prediction |
QuarkChain
QKC
|
0.42395005 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HEROcoin 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 HEROcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.38463962 |
details, prediction |
Ethereum
ETH
|
-0.2581197 |
details, prediction |
Litecoin
LTC
|
-0.24855502 |
details, prediction |
Monero
XMR
|
-0.22165562 |
details, prediction |
ZCash
ZEC
|
-0.21371508 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7029717 |
details, prediction |
Bitcoin SV
BSV
|
-0.2936982 |
details, prediction |
HoloToken
HOT
|
-0.28775612 |
details, prediction |
DigiByte
DGB
|
-0.18440625 |
details, prediction |
Decred
DCR
|
-0.13060436 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.567759 |
details, prediction |
Phantasma
SOUL
|
-0.36648732 |
details, prediction |
Hydro Protocol
HOT
|
-0.28719643 |
details, prediction |
NKN
NKN
|
-0.24618484 |
details, prediction |
SysCoin
SYS
|
-0.22715649 |
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)