Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9198113 |
details, prediction |
Dogecoin
DOGE
|
0.89080757 |
details, prediction |
Bitcoin
BTC
|
0.89029425 |
details, prediction |
Binance Coin
BNB
|
0.8812159 |
details, prediction |
ZCash
ZEC
|
0.87827635 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9399869 |
details, prediction |
0x
ZRX
|
0.93636966 |
details, prediction |
Vechain
VET
|
0.93349767 |
details, prediction |
Theta Fuel
TFUEL
|
0.9183768 |
details, prediction |
Theta
THETA
|
0.9132348 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9363161 |
details, prediction |
Ontology
ONT
|
0.9081914 |
details, prediction |
Dent
DENT
|
0.8824154 |
details, prediction |
PIVX
PIVX
|
0.8558361 |
details, prediction |
Bancor
BNT
|
0.85314167 |
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
|
0.1401161 |
details, prediction |
Stellar
XLM
|
0.37075305 |
details, prediction |
KuCoin Shares
KCS
|
0.4257815 |
details, prediction |
Cardano
ADA
|
0.69930905 |
details, prediction |
Bitcoin Cash
BCH
|
0.7182365 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.5286913 |
details, prediction |
USD//Coin
USDC
|
-0.5139755 |
details, prediction |
True USD
TUSD
|
-0.4683386 |
details, prediction |
aelf
ELF
|
-0.42264798 |
details, prediction |
Dai
DAI
|
-0.11228964 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.73231524 |
details, prediction |
NKN
NKN
|
-0.6762202 |
details, prediction |
ICON
ICX
|
-0.66310924 |
details, prediction |
OPEN Platform
OPEN
|
-0.64211875 |
details, prediction |
Storj
STORJ
|
-0.47595686 |
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)