Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.91444564 |
details, prediction |
ZCash
ZEC
|
0.9139299 |
details, prediction |
KuCoin Shares
KCS
|
0.9113702 |
details, prediction |
Ethereum Classic
ETC
|
0.9019093 |
details, prediction |
Cardano
ADA
|
0.8936637 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.988686 |
details, prediction |
Theta Fuel
TFUEL
|
0.9792381 |
details, prediction |
Siacoin
SC
|
0.97842443 |
details, prediction |
QTUM
QTUM
|
0.9782419 |
details, prediction |
Basic Attention Token
BAT
|
0.9738849 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.98852336 |
details, prediction |
Storj
STORJ
|
0.98144096 |
details, prediction |
Internet of Services
IOST
|
0.9777283 |
details, prediction |
IoTeX
IOTX
|
0.9761578 |
details, prediction |
PIVX
PIVX
|
0.96990854 |
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
|
-0.48475322 |
details, prediction |
UNUS SED LEO
LEO
|
0.08302672 |
details, prediction |
Binance Coin
BNB
|
0.5043709 |
details, prediction |
Dogecoin
DOGE
|
0.70944154 |
details, prediction |
Bitcoin
BTC
|
0.7324559 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5787564 |
details, prediction |
Dai
DAI
|
-0.27700436 |
details, prediction |
True USD
TUSD
|
0.30629104 |
details, prediction |
Verge
XVG
|
0.34333456 |
details, prediction |
Nexo
NEXO
|
0.43817565 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.32861677 |
details, prediction |
BABB
BAX
|
0.025591273 |
details, prediction |
Propy
PRO
|
0.05459184 |
details, prediction |
HEROcoin
PLAY
|
0.2405694 |
details, prediction |
FunFair
FUN
|
0.3327612 |
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)