Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9430344 |
details, prediction |
Binance Coin
BNB
|
0.93470657 |
details, prediction |
Bitcoin
BTC
|
0.9327116 |
details, prediction |
ZCash
ZEC
|
0.9176222 |
details, prediction |
ChainLink
LINK
|
0.90746826 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.97038686 |
details, prediction |
0x
ZRX
|
0.94955915 |
details, prediction |
Vechain
VET
|
0.9413387 |
details, prediction |
Horizen
ZEN
|
0.91954786 |
details, prediction |
Theta Fuel
TFUEL
|
0.9158841 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9435552 |
details, prediction |
Stox
STX
|
0.9399869 |
details, prediction |
Bancor
BNT
|
0.9067833 |
details, prediction |
Ontology
ONT
|
0.8694797 |
details, prediction |
Steem
STEEM
|
0.8611987 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QTUM 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 QTUM
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.31195366 |
details, prediction |
Stellar
XLM
|
0.35367167 |
details, prediction |
KuCoin Shares
KCS
|
0.4468491 |
details, prediction |
Bitcoin Cash
BCH
|
0.7364555 |
details, prediction |
Cardano
ADA
|
0.80646664 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6732741 |
details, prediction |
USD//Coin
USDC
|
-0.5649341 |
details, prediction |
True USD
TUSD
|
-0.5208316 |
details, prediction |
aelf
ELF
|
-0.4715753 |
details, prediction |
Dai
DAI
|
-0.3093123 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.81513387 |
details, prediction |
ICON
ICX
|
-0.7605343 |
details, prediction |
NKN
NKN
|
-0.67439127 |
details, prediction |
OPEN Platform
OPEN
|
-0.6147637 |
details, prediction |
Storj
STORJ
|
-0.5796861 |
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)