Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.5818363 |
details, prediction |
TRON
TRX
|
0.45313776 |
details, prediction |
Dogecoin
DOGE
|
0.44563696 |
details, prediction |
Monero
XMR
|
0.4355165 |
details, prediction |
ChainLink
LINK
|
0.40772983 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.71123224 |
details, prediction |
Algorand
ALGO
|
0.58239406 |
details, prediction |
iEx.ec
RLC
|
0.5509844 |
details, prediction |
Chiliz
CHZ
|
0.5143617 |
details, prediction |
Basic Attention Token
BAT
|
0.489497 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.756076 |
details, prediction |
Bancor
BNT
|
0.6341005 |
details, prediction |
LAToken
LA
|
0.6191121 |
details, prediction |
Storj
STORJ
|
0.51581043 |
details, prediction |
Electroneum
ETN
|
0.41958666 |
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
|
Crypto.com Chain
CRO
|
-0.092949435 |
details, prediction |
Stellar
XLM
|
-0.061376255 |
details, prediction |
Bitcoin Cash
BCH
|
0.11671605 |
details, prediction |
Cardano
ADA
|
0.1588984 |
details, prediction |
XRP
XRP
|
0.21460642 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.44932628 |
details, prediction |
Verge
XVG
|
-0.25826937 |
details, prediction |
USD//Coin
USDC
|
-0.14522763 |
details, prediction |
Decred
DCR
|
-0.07729607 |
details, prediction |
Telcoin
TEL
|
-0.05876607 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.82495457 |
details, prediction |
Loopring
LRC
|
-0.7732367 |
details, prediction |
Komodo
KMD
|
-0.5885598 |
details, prediction |
Matrix AI Network
MAN
|
-0.47053272 |
details, prediction |
BABB
BAX
|
-0.4155057 |
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)