Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.95982313 |
details, prediction |
Cardano
ADA
|
0.943072 |
details, prediction |
XRP
XRP
|
0.9418335 |
details, prediction |
Ethereum Classic
ETC
|
0.9294233 |
details, prediction |
Bitcoin Cash
BCH
|
0.9089741 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9748795 |
details, prediction |
Ravencoin
RVN
|
0.97367746 |
details, prediction |
IOTA
IOT
|
0.967818 |
details, prediction |
Theta
THETA
|
0.96613306 |
details, prediction |
Siacoin
SC
|
0.9653855 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.97683376 |
details, prediction |
Internet of Services
IOST
|
0.976519 |
details, prediction |
QuarkChain
QKC
|
0.97268504 |
details, prediction |
ARK
ARK
|
0.9707631 |
details, prediction |
Civic
CVC
|
0.9673825 |
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
|
Stellar
XLM
|
-0.40518025 |
details, prediction |
TRON
TRX
|
0.057529397 |
details, prediction |
ZCash
ZEC
|
0.10839361 |
details, prediction |
Monero
XMR
|
0.777204 |
details, prediction |
Ethereum
ETH
|
0.7853319 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.9194455 |
details, prediction |
Dai
DAI
|
-0.8135517 |
details, prediction |
True USD
TUSD
|
-0.7211894 |
details, prediction |
Telcoin
TEL
|
0.4152647 |
details, prediction |
DigiByte
DGB
|
0.4441686 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.34502298 |
details, prediction |
Matrix AI Network
MAN
|
-0.28329274 |
details, prediction |
V Systems
VSYS
|
-0.17740199 |
details, prediction |
Phantasma
SOUL
|
-0.10606425 |
details, prediction |
NKN
NKN
|
0.2305246 |
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)