Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.937036 |
details, prediction |
XRP
XRP
|
0.92183024 |
details, prediction |
Dogecoin
DOGE
|
0.9107643 |
details, prediction |
Bitcoin Cash
BCH
|
0.84904873 |
details, prediction |
Bitcoin
BTC
|
0.81079566 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9682679 |
details, prediction |
Waves
WAVES
|
0.9565306 |
details, prediction |
Siacoin
SC
|
0.95520395 |
details, prediction |
Zilliqa
ZIL
|
0.94053125 |
details, prediction |
aelf
ELF
|
0.93024164 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.9505054 |
details, prediction |
Steem
STEEM
|
0.94414043 |
details, prediction |
Civic
CVC
|
0.93808156 |
details, prediction |
Stox
STX
|
0.937113 |
details, prediction |
SwftCoin
SWFTC
|
0.93590134 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Storj 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 Storj
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.12303867 |
details, prediction |
Monero
XMR
|
0.31113935 |
details, prediction |
TRON
TRX
|
0.41136658 |
details, prediction |
ZCash
ZEC
|
0.47696474 |
details, prediction |
Ethereum
ETH
|
0.57118946 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7922604 |
details, prediction |
USD//Coin
USDC
|
-0.52612144 |
details, prediction |
DigiByte
DGB
|
-0.15398254 |
details, prediction |
True USD
TUSD
|
2.7167032E-4 |
details, prediction |
Bitcoin SV
BSV
|
0.54866314 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.1879877 |
details, prediction |
Achain
ACT
|
-0.048914988 |
details, prediction |
V Systems
VSYS
|
0.009134656 |
details, prediction |
NKN
NKN
|
0.019744493 |
details, prediction |
OPEN Platform
OPEN
|
0.024963912 |
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)