Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.55488616 |
details, prediction |
Dogecoin
DOGE
|
0.5302671 |
details, prediction |
Ethereum Classic
ETC
|
0.50141704 |
details, prediction |
ChainLink
LINK
|
0.35841465 |
details, prediction |
Bitcoin
BTC
|
0.34094006 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.80133015 |
details, prediction |
Theta
THETA
|
0.78603756 |
details, prediction |
Horizen
ZEN
|
0.7331347 |
details, prediction |
Decentraland
MANA
|
0.71291316 |
details, prediction |
Ravencoin
RVN
|
0.71046007 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.79645634 |
details, prediction |
ICON
ICX
|
0.7277793 |
details, prediction |
HEROcoin
PLAY
|
0.6629505 |
details, prediction |
Civic
CVC
|
0.6587503 |
details, prediction |
Kyber Network
KNC
|
0.65459436 |
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
|
Crypto.com Chain
CRO
|
-0.3922772 |
details, prediction |
UNUS SED LEO
LEO
|
-0.37515026 |
details, prediction |
TRON
TRX
|
-0.046284802 |
details, prediction |
Binance Coin
BNB
|
0.02895431 |
details, prediction |
Stellar
XLM
|
0.048143446 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.47133353 |
details, prediction |
Dai
DAI
|
-0.45685044 |
details, prediction |
Decred
DCR
|
-0.3774505 |
details, prediction |
USD//Coin
USDC
|
-0.23225528 |
details, prediction |
Verge
XVG
|
-0.19415402 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.5205349 |
details, prediction |
Matrix AI Network
MAN
|
-0.5001786 |
details, prediction |
Dent
DENT
|
-0.46196908 |
details, prediction |
Constellation
DAG
|
-0.42826334 |
details, prediction |
FunFair
FUN
|
-0.29990667 |
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)