Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.87938356 |
details, prediction |
Ethereum Classic
ETC
|
0.8247692 |
details, prediction |
Dogecoin
DOGE
|
0.80607337 |
details, prediction |
Bitcoin
BTC
|
0.74349177 |
details, prediction |
Binance Coin
BNB
|
0.74291056 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.9047955 |
details, prediction |
Vechain
VET
|
0.890379 |
details, prediction |
Horizen
ZEN
|
0.88893974 |
details, prediction |
0x
ZRX
|
0.88729376 |
details, prediction |
Nexo
NEXO
|
0.8808492 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.91497016 |
details, prediction |
Ontology
ONT
|
0.9116528 |
details, prediction |
Gas
GAS
|
0.87832344 |
details, prediction |
SingularityNET
AGI
|
0.86097187 |
details, prediction |
Lisk
LSK
|
0.8241326 |
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
|
0.20007546 |
details, prediction |
Monero
XMR
|
0.402454 |
details, prediction |
Cardano
ADA
|
0.5134872 |
details, prediction |
Ethereum
ETH
|
0.52273625 |
details, prediction |
Stellar
XLM
|
0.52497435 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.75389767 |
details, prediction |
USD//Coin
USDC
|
-0.19521147 |
details, prediction |
True USD
TUSD
|
-0.108203165 |
details, prediction |
DigiByte
DGB
|
0.08382954 |
details, prediction |
Waves
WAVES
|
0.1850202 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.55528456 |
details, prediction |
Matrix AI Network
MAN
|
-0.44445089 |
details, prediction |
OPEN Platform
OPEN
|
-0.18903834 |
details, prediction |
ICON
ICX
|
-0.1269494 |
details, prediction |
Propy
PRO
|
-0.09004088 |
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)