Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.96096647 |
details, prediction |
Dogecoin
DOGE
|
0.93503755 |
details, prediction |
XRP
XRP
|
0.88602716 |
details, prediction |
KuCoin Shares
KCS
|
0.81173253 |
details, prediction |
Bitcoin Cash
BCH
|
0.791464 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.97612774 |
details, prediction |
Zilliqa
ZIL
|
0.9646979 |
details, prediction |
NEO
NEO
|
0.9591094 |
details, prediction |
Ravencoin
RVN
|
0.95907325 |
details, prediction |
Waves
WAVES
|
0.9587874 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.97226214 |
details, prediction |
Steem
STEEM
|
0.97076035 |
details, prediction |
Internet of Services
IOST
|
0.96895814 |
details, prediction |
ARK
ARK
|
0.96872944 |
details, prediction |
SingularityNET
AGI
|
0.9675631 |
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
|
Monero
XMR
|
-0.17123008 |
details, prediction |
ChainLink
LINK
|
0.1028215 |
details, prediction |
Ethereum
ETH
|
0.11879083 |
details, prediction |
Stellar
XLM
|
0.34487402 |
details, prediction |
ZCash
ZEC
|
0.38068968 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.73476213 |
details, prediction |
DigiByte
DGB
|
-0.39539152 |
details, prediction |
USD//Coin
USDC
|
-0.1640399 |
details, prediction |
True USD
TUSD
|
-0.06736596 |
details, prediction |
Bitcoin SV
BSV
|
-0.028860873 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.42852372 |
details, prediction |
NKN
NKN
|
-0.34120864 |
details, prediction |
Propy
PRO
|
-0.3089374 |
details, prediction |
Phantasma
SOUL
|
0.056333147 |
details, prediction |
OPEN Platform
OPEN
|
0.255665 |
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)