Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.7242496 |
details, prediction |
Bitcoin
BTC
|
0.6738987 |
details, prediction |
Dogecoin
DOGE
|
0.67176056 |
details, prediction |
Monero
XMR
|
0.63456184 |
details, prediction |
XRP
XRP
|
0.5739129 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.8583031 |
details, prediction |
iEx.ec
RLC
|
0.824305 |
details, prediction |
Cosmos
ATOM
|
0.8099061 |
details, prediction |
Horizen
ZEN
|
0.78032774 |
details, prediction |
Chiliz
CHZ
|
0.72130704 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.97460675 |
details, prediction |
Bancor
BNT
|
0.8936807 |
details, prediction |
HEROcoin
PLAY
|
0.7749562 |
details, prediction |
ICON
ICX
|
0.7579054 |
details, prediction |
Storj
STORJ
|
0.7472387 |
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
|
-0.26094007 |
details, prediction |
UNUS SED LEO
LEO
|
-0.16756819 |
details, prediction |
Stellar
XLM
|
0.27800366 |
details, prediction |
Bitcoin Cash
BCH
|
0.3972172 |
details, prediction |
Cardano
ADA
|
0.41043466 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.36559176 |
details, prediction |
Dai
DAI
|
-0.30167326 |
details, prediction |
Verge
XVG
|
-0.10270748 |
details, prediction |
USD//Coin
USDC
|
-0.07898872 |
details, prediction |
Nexo
NEXO
|
0.07394733 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5994156 |
details, prediction |
FunFair
FUN
|
-0.40914944 |
details, prediction |
Wanchain
WAN
|
-0.35107622 |
details, prediction |
Ontology
ONT
|
-0.29831856 |
details, prediction |
Propy
PRO
|
-0.27850395 |
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)