Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.87304866 |
details, prediction |
Bitcoin Cash
BCH
|
0.86331165 |
details, prediction |
Ethereum Classic
ETC
|
0.829432 |
details, prediction |
Litecoin
LTC
|
0.81570184 |
details, prediction |
Bitcoin
BTC
|
0.81467026 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.95253277 |
details, prediction |
Tezos
XTZ
|
0.94904625 |
details, prediction |
Theta Fuel
TFUEL
|
0.93567383 |
details, prediction |
IOTA
IOT
|
0.9286359 |
details, prediction |
Bitcoin Gold
BTG
|
0.9194653 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.93333954 |
details, prediction |
IoTeX
IOTX
|
0.9248931 |
details, prediction |
Internet of Services
IOST
|
0.9215248 |
details, prediction |
Chronobank
TIME
|
0.92067474 |
details, prediction |
SysCoin
SYS
|
0.9131675 |
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
|
-0.71393466 |
details, prediction |
UNUS SED LEO
LEO
|
-0.39741063 |
details, prediction |
Binance Coin
BNB
|
0.6053193 |
details, prediction |
ChainLink
LINK
|
0.69107586 |
details, prediction |
Stellar
XLM
|
0.71630025 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.34637976 |
details, prediction |
Decred
DCR
|
-0.17570248 |
details, prediction |
True USD
TUSD
|
0.027059041 |
details, prediction |
Nexo
NEXO
|
0.35469517 |
details, prediction |
Verge
XVG
|
0.5567337 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.38916144 |
details, prediction |
Dent
DENT
|
-0.17310107 |
details, prediction |
NKN
NKN
|
0.013692065 |
details, prediction |
Propy
PRO
|
0.16014902 |
details, prediction |
OPEN Platform
OPEN
|
0.21550038 |
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)