Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8976036 |
details, prediction |
Cardano
ADA
|
0.89716244 |
details, prediction |
Litecoin
LTC
|
0.83666116 |
details, prediction |
Ethereum Classic
ETC
|
0.83653456 |
details, prediction |
Crypto.com Chain
CRO
|
0.833723 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.958187 |
details, prediction |
Siacoin
SC
|
0.94837743 |
details, prediction |
Theta Fuel
TFUEL
|
0.9463319 |
details, prediction |
Bitcoin Gold
BTG
|
0.9402834 |
details, prediction |
IOTA
IOT
|
0.9316583 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9406284 |
details, prediction |
Loopring
LRC
|
0.93333954 |
details, prediction |
Internet of Services
IOST
|
0.9301668 |
details, prediction |
SysCoin
SYS
|
0.9215898 |
details, prediction |
Komodo
KMD
|
0.912902 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Stox 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 Stox
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.79451746 |
details, prediction |
UNUS SED LEO
LEO
|
-0.39741063 |
details, prediction |
ZCash
ZEC
|
0.4595234 |
details, prediction |
Ethereum
ETH
|
0.6794617 |
details, prediction |
Binance Coin
BNB
|
0.6878758 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.29367733 |
details, prediction |
True USD
TUSD
|
0.033677366 |
details, prediction |
Decred
DCR
|
0.045669056 |
details, prediction |
Nexo
NEXO
|
0.32325286 |
details, prediction |
Algorand
ALGO
|
0.361128 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.58084095 |
details, prediction |
OPEN Platform
OPEN
|
-0.31468588 |
details, prediction |
Enjin Coin
ENJ
|
-0.08035494 |
details, prediction |
HEROcoin
PLAY
|
-0.05866993 |
details, prediction |
NKN
NKN
|
0.1245935 |
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)