Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.85967785 |
details, prediction |
UNUS SED LEO
LEO
|
0.8593996 |
details, prediction |
Bitcoin
BTC
|
0.85401493 |
details, prediction |
ChainLink
LINK
|
0.8302819 |
details, prediction |
Ethereum
ETH
|
0.7970767 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.88526124 |
details, prediction |
Horizen
ZEN
|
0.85404193 |
details, prediction |
Decentraland
MANA
|
0.83730096 |
details, prediction |
Ravencoin
RVN
|
0.82569915 |
details, prediction |
Zilliqa
ZIL
|
0.8225047 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.80323964 |
details, prediction |
ICON
ICX
|
0.79787534 |
details, prediction |
LAToken
LA
|
0.79475385 |
details, prediction |
Power Ledger
POWR
|
0.7869677 |
details, prediction |
Metal
MTL
|
0.7781989 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that iEx.ec 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 iEx.ec
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.27220988 |
details, prediction |
TRON
TRX
|
0.15070695 |
details, prediction |
ZCash
ZEC
|
0.24615292 |
details, prediction |
Binance Coin
BNB
|
0.38119173 |
details, prediction |
Crypto.com Chain
CRO
|
0.5129461 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6564843 |
details, prediction |
USD//Coin
USDC
|
-0.47930536 |
details, prediction |
OriginTrail
TRAC
|
-0.22547771 |
details, prediction |
Telcoin
TEL
|
-0.1767604 |
details, prediction |
True USD
TUSD
|
0.0784297 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5938662 |
details, prediction |
Komodo
KMD
|
-0.40175936 |
details, prediction |
Loopring
LRC
|
-0.10925171 |
details, prediction |
Matrix AI Network
MAN
|
-0.032398514 |
details, prediction |
Chronobank
TIME
|
0.063210815 |
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)