Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8228888 |
details, prediction |
Stellar
XLM
|
0.7255235 |
details, prediction |
Dogecoin
DOGE
|
0.7170948 |
details, prediction |
Ethereum Classic
ETC
|
0.6806118 |
details, prediction |
Bitcoin Cash
BCH
|
0.6166877 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.7806728 |
details, prediction |
IOTA
IOT
|
0.7760617 |
details, prediction |
Nexo
NEXO
|
0.67246825 |
details, prediction |
Cosmos
ATOM
|
0.6652068 |
details, prediction |
NEO
NEO
|
0.657807 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.75539416 |
details, prediction |
IoTeX
IOTX
|
0.6371185 |
details, prediction |
SingularityNET
AGI
|
0.631744 |
details, prediction |
Elastos
ELA
|
0.6309847 |
details, prediction |
BABB
BAX
|
0.60828364 |
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
|
0.17638382 |
details, prediction |
TRON
TRX
|
0.26222077 |
details, prediction |
ZCash
ZEC
|
0.26325884 |
details, prediction |
Ethereum
ETH
|
0.28033662 |
details, prediction |
Cardano
ADA
|
0.3170765 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.24622002 |
details, prediction |
DigiByte
DGB
|
-0.08021995 |
details, prediction |
Decred
DCR
|
0.08875844 |
details, prediction |
USD//Coin
USDC
|
0.124087825 |
details, prediction |
Ravencoin
RVN
|
0.12662044 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.5445363 |
details, prediction |
Constellation
DAG
|
-0.18198828 |
details, prediction |
Matrix AI Network
MAN
|
-0.17810963 |
details, prediction |
OPEN Platform
OPEN
|
-0.0484803 |
details, prediction |
V Systems
VSYS
|
-0.040245894 |
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)