Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9521014 |
details, prediction |
Ethereum Classic
ETC
|
0.94561064 |
details, prediction |
XRP
XRP
|
0.89191 |
details, prediction |
Cardano
ADA
|
0.8882425 |
details, prediction |
Binance Coin
BNB
|
0.8459754 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9584688 |
details, prediction |
IOTA
IOT
|
0.9520789 |
details, prediction |
iEx.ec
RLC
|
0.9514139 |
details, prediction |
Verge
XVG
|
0.9510809 |
details, prediction |
Synthetix Network Token
SNX
|
0.94667315 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.95611745 |
details, prediction |
Kyber Network
KNC
|
0.95611584 |
details, prediction |
SwftCoin
SWFTC
|
0.9478276 |
details, prediction |
Civic
CVC
|
0.94144994 |
details, prediction |
ARK
ARK
|
0.93864244 |
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
|
Stellar
XLM
|
-0.106223226 |
details, prediction |
TRON
TRX
|
0.27347198 |
details, prediction |
ZCash
ZEC
|
0.28080806 |
details, prediction |
Ethereum
ETH
|
0.54535097 |
details, prediction |
Monero
XMR
|
0.56306374 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.84879255 |
details, prediction |
USD//Coin
USDC
|
-0.8259814 |
details, prediction |
Dai
DAI
|
-0.5148972 |
details, prediction |
DigiByte
DGB
|
0.22563604 |
details, prediction |
Bitcoin SV
BSV
|
0.44040608 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.46868485 |
details, prediction |
V Systems
VSYS
|
-0.35413733 |
details, prediction |
Matrix AI Network
MAN
|
-0.3043341 |
details, prediction |
Phantasma
SOUL
|
-0.2448645 |
details, prediction |
NKN
NKN
|
0.07916221 |
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)