Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9880747 |
details, prediction |
Cardano
ADA
|
0.9796577 |
details, prediction |
ZCash
ZEC
|
0.963736 |
details, prediction |
Ethereum
ETH
|
0.92513394 |
details, prediction |
Monero
XMR
|
0.9229941 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.9922489 |
details, prediction |
IOTA
IOT
|
0.962508 |
details, prediction |
NEO
NEO
|
0.94215405 |
details, prediction |
Basic Attention Token
BAT
|
0.93061626 |
details, prediction |
Loopring
LRC
|
0.9296657 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9865659 |
details, prediction |
Phantasma
SOUL
|
0.95657724 |
details, prediction |
Bancor
BNT
|
0.9425486 |
details, prediction |
IoTeX
IOTX
|
0.93378615 |
details, prediction |
Lisk
LSK
|
0.9266226 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Stellar 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 Stellar
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.120318845 |
details, prediction |
TRON
TRX
|
-0.015169705 |
details, prediction |
Binance Coin
BNB
|
0.3796993 |
details, prediction |
Litecoin
LTC
|
0.39386246 |
details, prediction |
Dogecoin
DOGE
|
0.47191146 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5955587 |
details, prediction |
True USD
TUSD
|
-0.26178762 |
details, prediction |
Decred
DCR
|
-0.037119422 |
details, prediction |
Zilliqa
ZIL
|
0.06401145 |
details, prediction |
Verge
XVG
|
0.15773988 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.7654956 |
details, prediction |
HEROcoin
PLAY
|
-0.67776793 |
details, prediction |
BOScoin
BOS
|
-0.2407124 |
details, prediction |
Dero
DERO
|
-0.22735804 |
details, prediction |
Elastos
ELA
|
0.49907833 |
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)