Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6532217 |
details, prediction |
Cardano
ADA
|
0.5443217 |
details, prediction |
Litecoin
LTC
|
0.5376752 |
details, prediction |
Bitcoin
BTC
|
0.49806735 |
details, prediction |
ChainLink
LINK
|
0.46351695 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.8554877 |
details, prediction |
Decentraland
MANA
|
0.6758299 |
details, prediction |
Cosmos
ATOM
|
0.64517426 |
details, prediction |
Algorand
ALGO
|
0.64469165 |
details, prediction |
OriginTrail
TRAC
|
0.6327532 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.7066971 |
details, prediction |
AdEx
ADX
|
0.6848008 |
details, prediction |
IoTeX
IOTX
|
0.6769864 |
details, prediction |
NEM
XEM
|
0.5832733 |
details, prediction |
Elastos
ELA
|
0.5747363 |
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
|
TRON
TRX
|
-0.079242475 |
details, prediction |
Dogecoin
DOGE
|
0.2866109 |
details, prediction |
Stellar
XLM
|
0.28767368 |
details, prediction |
XRP
XRP
|
0.32880822 |
details, prediction |
Ethereum
ETH
|
0.36759323 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.54593146 |
details, prediction |
DigiByte
DGB
|
-0.18388559 |
details, prediction |
USD//Coin
USDC
|
-0.06544371 |
details, prediction |
True USD
TUSD
|
-0.035697624 |
details, prediction |
Request Network
REQ
|
0.0772311 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.7667394 |
details, prediction |
OPEN Platform
OPEN
|
-0.570178 |
details, prediction |
NKN
NKN
|
-0.49453893 |
details, prediction |
Matrix AI Network
MAN
|
-0.40422204 |
details, prediction |
ICON
ICX
|
-0.38946542 |
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)