Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9291369 |
details, prediction |
Cardano
ADA
|
0.86464584 |
details, prediction |
Bitcoin Cash
BCH
|
0.8592311 |
details, prediction |
Dogecoin
DOGE
|
0.84076643 |
details, prediction |
XRP
XRP
|
0.77320564 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.9512818 |
details, prediction |
Siacoin
SC
|
0.91299003 |
details, prediction |
Theta Fuel
TFUEL
|
0.90433455 |
details, prediction |
Bitcoin Gold
BTG
|
0.8988349 |
details, prediction |
Telcoin
TEL
|
0.89481395 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.90035194 |
details, prediction |
IoTeX
IOTX
|
0.8954018 |
details, prediction |
Loopring
LRC
|
0.8935616 |
details, prediction |
Constellation
DAG
|
0.89202183 |
details, prediction |
Internet of Services
IOST
|
0.87539756 |
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
|
-0.8525608 |
details, prediction |
ZCash
ZEC
|
0.011503963 |
details, prediction |
Ethereum
ETH
|
0.32690614 |
details, prediction |
Bitcoin
BTC
|
0.42909342 |
details, prediction |
Stellar
XLM
|
0.45864323 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.44290438 |
details, prediction |
Algorand
ALGO
|
-0.15259504 |
details, prediction |
Bitcoin SV
BSV
|
-0.031516977 |
details, prediction |
USD//Coin
USDC
|
0.08025756 |
details, prediction |
True USD
TUSD
|
0.09132731 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.6821275 |
details, prediction |
V Systems
VSYS
|
-0.53580374 |
details, prediction |
OPEN Platform
OPEN
|
-0.43675154 |
details, prediction |
Enjin Coin
ENJ
|
-0.26900426 |
details, prediction |
NKN
NKN
|
-0.229792 |
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)