Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.052412935 |
details, prediction |
KuCoin Shares
KCS
|
-0.05626165 |
details, prediction |
Stellar
XLM
|
-0.103558175 |
details, prediction |
Bitcoin Cash
BCH
|
-0.42568624 |
details, prediction |
Ethereum Classic
ETC
|
-0.46992496 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.77545273 |
details, prediction |
True USD
TUSD
|
0.76024085 |
details, prediction |
Telcoin
TEL
|
0.5560959 |
details, prediction |
aelf
ELF
|
0.5233642 |
details, prediction |
Chiliz
CHZ
|
0.39677107 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.877329 |
details, prediction |
PIVX
PIVX
|
0.8703025 |
details, prediction |
Storj
STORJ
|
0.8499709 |
details, prediction |
Matrix AI Network
MAN
|
0.8302149 |
details, prediction |
Propy
PRO
|
0.6905407 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ravencoin 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 Ravencoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.8885969 |
details, prediction |
ZCash
ZEC
|
-0.82944405 |
details, prediction |
Binance Coin
BNB
|
-0.826903 |
details, prediction |
ChainLink
LINK
|
-0.7931965 |
details, prediction |
Ethereum
ETH
|
-0.79157555 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.78621644 |
details, prediction |
Decred
DCR
|
-0.7768193 |
details, prediction |
Horizen
ZEN
|
-0.7761301 |
details, prediction |
Theta
THETA
|
-0.75362283 |
details, prediction |
QTUM
QTUM
|
-0.7372717 |
details, prediction |
|
Third tier
|
Metal
MTL
|
-0.74225026 |
details, prediction |
QuarkChain
QKC
|
-0.7257838 |
details, prediction |
Lisk
LSK
|
-0.7163921 |
details, prediction |
Steem
STEEM
|
-0.68433774 |
details, prediction |
Kyber Network
KNC
|
-0.6614161 |
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)