Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8671792 |
details, prediction |
Cardano
ADA
|
0.85485834 |
details, prediction |
Monero
XMR
|
0.8346814 |
details, prediction |
XRP
XRP
|
0.8220103 |
details, prediction |
Litecoin
LTC
|
0.80091226 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.93600756 |
details, prediction |
Theta Fuel
TFUEL
|
0.9304157 |
details, prediction |
Tezos
XTZ
|
0.913093 |
details, prediction |
Ardor
ARDR
|
0.91115785 |
details, prediction |
DigiByte
DGB
|
0.907813 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9648718 |
details, prediction |
Komodo
KMD
|
0.9457416 |
details, prediction |
Stox
STX
|
0.9347442 |
details, prediction |
Elastos
ELA
|
0.9259829 |
details, prediction |
IoTeX
IOTX
|
0.92151463 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chronobank 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 Chronobank
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.776821 |
details, prediction |
UNUS SED LEO
LEO
|
-0.12957683 |
details, prediction |
ZCash
ZEC
|
0.48236868 |
details, prediction |
ChainLink
LINK
|
0.61336654 |
details, prediction |
Ethereum
ETH
|
0.6922773 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.28772444 |
details, prediction |
Decred
DCR
|
0.010941063 |
details, prediction |
True USD
TUSD
|
0.16645384 |
details, prediction |
Algorand
ALGO
|
0.19567698 |
details, prediction |
Nexo
NEXO
|
0.29702556 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.69816136 |
details, prediction |
OPEN Platform
OPEN
|
-0.32720485 |
details, prediction |
Dent
DENT
|
0.09114604 |
details, prediction |
NKN
NKN
|
0.103414826 |
details, prediction |
FunFair
FUN
|
0.1613099 |
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)