Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.88080424 |
details, prediction |
Ethereum Classic
ETC
|
0.78220963 |
details, prediction |
Stellar
XLM
|
0.7603692 |
details, prediction |
Bitcoin Cash
BCH
|
0.6815014 |
details, prediction |
KuCoin Shares
KCS
|
0.64514035 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.9571051 |
details, prediction |
NEO
NEO
|
0.9190292 |
details, prediction |
Verge
XVG
|
0.90761113 |
details, prediction |
Chiliz
CHZ
|
0.900615 |
details, prediction |
Algorand
ALGO
|
0.8881138 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9236225 |
details, prediction |
QuarkChain
QKC
|
0.92290765 |
details, prediction |
Kyber Network
KNC
|
0.91825694 |
details, prediction |
ARK
ARK
|
0.9153551 |
details, prediction |
Civic
CVC
|
0.8939964 |
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
|
Monero
XMR
|
-0.07404002 |
details, prediction |
Ethereum
ETH
|
-0.010031223 |
details, prediction |
ChainLink
LINK
|
0.023619868 |
details, prediction |
ZCash
ZEC
|
0.039832596 |
details, prediction |
TRON
TRX
|
0.19884653 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.83710366 |
details, prediction |
DigiByte
DGB
|
-0.24197277 |
details, prediction |
USD//Coin
USDC
|
-0.22159015 |
details, prediction |
True USD
TUSD
|
-0.15103036 |
details, prediction |
Bitcoin SV
BSV
|
-0.08139342 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.5125792 |
details, prediction |
NKN
NKN
|
-0.5106286 |
details, prediction |
V Systems
VSYS
|
-0.40373737 |
details, prediction |
Phantasma
SOUL
|
-0.10271109 |
details, prediction |
Hydro Protocol
HOT
|
-0.022618858 |
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)