Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.18573485 |
details, prediction |
KuCoin Shares
KCS
|
0.12838992 |
details, prediction |
Stellar
XLM
|
-0.002773862 |
details, prediction |
Bitcoin Cash
BCH
|
-0.095079966 |
details, prediction |
Dogecoin
DOGE
|
-0.18141311 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.5099988 |
details, prediction |
True USD
TUSD
|
0.5027292 |
details, prediction |
Ravencoin
RVN
|
0.49887738 |
details, prediction |
Bitcoin Gold
BTG
|
0.47614712 |
details, prediction |
aelf
ELF
|
0.26230553 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.47086868 |
details, prediction |
Achain
ACT
|
0.40169045 |
details, prediction |
OPEN Platform
OPEN
|
0.39636132 |
details, prediction |
AdEx
ADX
|
0.36296955 |
details, prediction |
ICON
ICX
|
0.33239713 |
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
|
ZCash
ZEC
|
-0.5642561 |
details, prediction |
Binance Coin
BNB
|
-0.36066797 |
details, prediction |
Monero
XMR
|
-0.34237796 |
details, prediction |
Litecoin
LTC
|
-0.32067114 |
details, prediction |
Ethereum Classic
ETC
|
-0.29725543 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
-0.5516478 |
details, prediction |
Tezos
XTZ
|
-0.54065037 |
details, prediction |
Siacoin
SC
|
-0.539474 |
details, prediction |
DASH
DASH
|
-0.5140064 |
details, prediction |
0x
ZRX
|
-0.47617784 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
-0.63296616 |
details, prediction |
Power Ledger
POWR
|
-0.623803 |
details, prediction |
Civic
CVC
|
-0.5519422 |
details, prediction |
Kyber Network
KNC
|
-0.5437232 |
details, prediction |
Steem
STEEM
|
-0.5307775 |
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)