Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9231075 |
details, prediction |
Ethereum Classic
ETC
|
0.9145119 |
details, prediction |
XRP
XRP
|
0.88970965 |
details, prediction |
Litecoin
LTC
|
0.8811107 |
details, prediction |
Crypto.com Chain
CRO
|
0.87625057 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.9168042 |
details, prediction |
Zilliqa
ZIL
|
0.9079207 |
details, prediction |
IOTA
IOT
|
0.89100844 |
details, prediction |
Tezos
XTZ
|
0.8850018 |
details, prediction |
Siacoin
SC
|
0.8782599 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9098765 |
details, prediction |
Elastos
ELA
|
0.90947855 |
details, prediction |
Internet of Services
IOST
|
0.8968083 |
details, prediction |
ARK
ARK
|
0.87722176 |
details, prediction |
Komodo
KMD
|
0.87001234 |
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
|
UNUS SED LEO
LEO
|
-0.7629578 |
details, prediction |
Stellar
XLM
|
-0.46991852 |
details, prediction |
TRON
TRX
|
-0.18472606 |
details, prediction |
ZCash
ZEC
|
-0.15103665 |
details, prediction |
Monero
XMR
|
0.53826755 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6189593 |
details, prediction |
True USD
TUSD
|
-0.6034666 |
details, prediction |
Dai
DAI
|
-0.48757327 |
details, prediction |
OriginTrail
TRAC
|
-0.22509277 |
details, prediction |
DASH
DASH
|
0.17470153 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.511095 |
details, prediction |
V Systems
VSYS
|
-0.13745648 |
details, prediction |
Enjin Coin
ENJ
|
0.007650355 |
details, prediction |
Ontology
ONT
|
0.087339975 |
details, prediction |
HEROcoin
PLAY
|
0.11914774 |
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)