Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.90726227 |
details, prediction |
Ethereum Classic
ETC
|
0.7342996 |
details, prediction |
Dogecoin
DOGE
|
0.7339538 |
details, prediction |
Bitcoin Cash
BCH
|
0.677288 |
details, prediction |
XRP
XRP
|
0.6459025 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8801992 |
details, prediction |
Basic Attention Token
BAT
|
0.87459934 |
details, prediction |
Decentraland
MANA
|
0.8476632 |
details, prediction |
Vechain
VET
|
0.8447026 |
details, prediction |
Horizen
ZEN
|
0.84089977 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.89730304 |
details, prediction |
Loopring
LRC
|
0.8932716 |
details, prediction |
Civic
CVC
|
0.8312453 |
details, prediction |
Kyber Network
KNC
|
0.81451064 |
details, prediction |
Bancor
BNT
|
0.80688024 |
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
|
UNUS SED LEO
LEO
|
-0.34654728 |
details, prediction |
TRON
TRX
|
-0.32546374 |
details, prediction |
Stellar
XLM
|
0.29277968 |
details, prediction |
ZCash
ZEC
|
0.34586552 |
details, prediction |
Ethereum
ETH
|
0.35100153 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5217018 |
details, prediction |
Nexo
NEXO
|
-0.2378635 |
details, prediction |
Dai
DAI
|
0.09114791 |
details, prediction |
Verge
XVG
|
0.18881194 |
details, prediction |
Bitcoin SV
BSV
|
0.20969 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.3930249 |
details, prediction |
Propy
PRO
|
-0.3894012 |
details, prediction |
Steem
STEEM
|
-0.2979451 |
details, prediction |
V Systems
VSYS
|
-0.26050416 |
details, prediction |
Ontology
ONT
|
-0.23833191 |
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)