Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.9490513 |
details, prediction |
Binance Coin
BNB
|
0.7133069 |
details, prediction |
Dogecoin
DOGE
|
0.62389976 |
details, prediction |
XRP
XRP
|
0.20615879 |
details, prediction |
Bitcoin
BTC
|
-0.35450333 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.9719136 |
details, prediction |
True USD
TUSD
|
0.56870633 |
details, prediction |
Verge
XVG
|
0.3809139 |
details, prediction |
Decred
DCR
|
0.27677098 |
details, prediction |
DigiByte
DGB
|
0.18559797 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.9914635 |
details, prediction |
Elastos
ELA
|
0.69568133 |
details, prediction |
Komodo
KMD
|
0.5051042 |
details, prediction |
Constellation
DAG
|
0.4971997 |
details, prediction |
BOScoin
BOS
|
0.22649294 |
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
|
ChainLink
LINK
|
-0.9781336 |
details, prediction |
Crypto.com Chain
CRO
|
-0.97245216 |
details, prediction |
Ethereum Classic
ETC
|
-0.7733513 |
details, prediction |
Bitcoin Cash
BCH
|
-0.724781 |
details, prediction |
Cardano
ADA
|
-0.68467855 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.98969185 |
details, prediction |
Vechain
VET
|
-0.9891309 |
details, prediction |
Theta
THETA
|
-0.98801666 |
details, prediction |
Bitcoin SV
BSV
|
-0.9853668 |
details, prediction |
Chiliz
CHZ
|
-0.9812626 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
-0.9143771 |
details, prediction |
OPEN Platform
OPEN
|
-0.8457543 |
details, prediction |
NEM
XEM
|
-0.839039 |
details, prediction |
FunFair
FUN
|
-0.8325329 |
details, prediction |
V Systems
VSYS
|
-0.82694614 |
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)