Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8031357 |
details, prediction |
ZCash
ZEC
|
0.79352975 |
details, prediction |
Binance Coin
BNB
|
0.77436644 |
details, prediction |
Bitcoin
BTC
|
0.7647305 |
details, prediction |
Litecoin
LTC
|
0.7489932 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.87592137 |
details, prediction |
0x
ZRX
|
0.8742138 |
details, prediction |
QTUM
QTUM
|
0.8657939 |
details, prediction |
Theta
THETA
|
0.8656006 |
details, prediction |
Horizen
ZEN
|
0.8363558 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8892852 |
details, prediction |
Gas
GAS
|
0.84673816 |
details, prediction |
PIVX
PIVX
|
0.8274005 |
details, prediction |
Ontology
ONT
|
0.81414276 |
details, prediction |
Kyber Network
KNC
|
0.8061254 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta Fuel 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 Theta Fuel
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.032534856 |
details, prediction |
Stellar
XLM
|
0.23016556 |
details, prediction |
KuCoin Shares
KCS
|
0.29133058 |
details, prediction |
Bitcoin Cash
BCH
|
0.46913236 |
details, prediction |
Cardano
ADA
|
0.5111987 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.48100865 |
details, prediction |
Dai
DAI
|
-0.4737762 |
details, prediction |
aelf
ELF
|
-0.4448442 |
details, prediction |
True USD
TUSD
|
-0.43238288 |
details, prediction |
Ravencoin
RVN
|
-0.41015708 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6772456 |
details, prediction |
Matrix AI Network
MAN
|
-0.6290528 |
details, prediction |
ICON
ICX
|
-0.54993474 |
details, prediction |
OPEN Platform
OPEN
|
-0.43993285 |
details, prediction |
Storj
STORJ
|
-0.3112497 |
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)