Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9174445 |
details, prediction |
XRP
XRP
|
0.87205094 |
details, prediction |
Binance Coin
BNB
|
0.8286266 |
details, prediction |
Ethereum Classic
ETC
|
0.8214689 |
details, prediction |
Bitcoin Cash
BCH
|
0.79670477 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.93332523 |
details, prediction |
Horizen
ZEN
|
0.9054759 |
details, prediction |
Nexo
NEXO
|
0.8903308 |
details, prediction |
Theta Fuel
TFUEL
|
0.8794429 |
details, prediction |
0x
ZRX
|
0.8748189 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.8979543 |
details, prediction |
Bancor
BNT
|
0.8563996 |
details, prediction |
Stox
STX
|
0.8413841 |
details, prediction |
Ontology
ONT
|
0.8259845 |
details, prediction |
Lisk
LSK
|
0.82107407 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta 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
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.38460198 |
details, prediction |
Monero
XMR
|
0.42953306 |
details, prediction |
Ethereum
ETH
|
0.55776846 |
details, prediction |
Stellar
XLM
|
0.569258 |
details, prediction |
ChainLink
LINK
|
0.5989516 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7850127 |
details, prediction |
USD//Coin
USDC
|
-0.3287073 |
details, prediction |
True USD
TUSD
|
-0.24489322 |
details, prediction |
Waves
WAVES
|
0.19197407 |
details, prediction |
DigiByte
DGB
|
0.19255163 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6336249 |
details, prediction |
Matrix AI Network
MAN
|
-0.4933511 |
details, prediction |
Propy
PRO
|
-0.2752672 |
details, prediction |
V Systems
VSYS
|
-0.035155002 |
details, prediction |
ICON
ICX
|
-0.03380597 |
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)