Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.22046725 |
details, prediction |
Stellar
XLM
|
-0.31263492 |
details, prediction |
Dogecoin
DOGE
|
-0.3592543 |
details, prediction |
XRP
XRP
|
-0.39769694 |
details, prediction |
Bitcoin Cash
BCH
|
-0.4034743 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.7596145 |
details, prediction |
USD//Coin
USDC
|
0.40397754 |
details, prediction |
True USD
TUSD
|
0.37972575 |
details, prediction |
DigiByte
DGB
|
0.1752696 |
details, prediction |
Request Network
REQ
|
0.04127348 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
0.6311207 |
details, prediction |
Propy
PRO
|
0.5683211 |
details, prediction |
ICON
ICX
|
0.53570515 |
details, prediction |
Storj
STORJ
|
0.50769097 |
details, prediction |
Matrix AI Network
MAN
|
0.40077862 |
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
|
-0.64687204 |
details, prediction |
Monero
XMR
|
-0.59960365 |
details, prediction |
Litecoin
LTC
|
-0.5898497 |
details, prediction |
Cardano
ADA
|
-0.5849843 |
details, prediction |
Binance Coin
BNB
|
-0.57632864 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
-0.8073163 |
details, prediction |
iEx.ec
RLC
|
-0.7667394 |
details, prediction |
Tezos
XTZ
|
-0.714185 |
details, prediction |
Algorand
ALGO
|
-0.6797537 |
details, prediction |
0x
ZRX
|
-0.6743808 |
details, prediction |
|
Third tier
|
Stox
STX
|
-0.75503165 |
details, prediction |
IoTeX
IOTX
|
-0.70798755 |
details, prediction |
Steem
STEEM
|
-0.64676636 |
details, prediction |
Electroneum
ETN
|
-0.64025384 |
details, prediction |
Kyber Network
KNC
|
-0.6229189 |
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)