Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8750772 |
details, prediction |
Binance Coin
BNB
|
0.8524821 |
details, prediction |
Dogecoin
DOGE
|
0.8265284 |
details, prediction |
Bitcoin
BTC
|
0.8050773 |
details, prediction |
Ethereum Classic
ETC
|
0.79966396 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9259594 |
details, prediction |
Theta
THETA
|
0.9054759 |
details, prediction |
DASH
DASH
|
0.89759535 |
details, prediction |
0x
ZRX
|
0.89195246 |
details, prediction |
Theta Fuel
TFUEL
|
0.87879264 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.88893974 |
details, prediction |
Gas
GAS
|
0.8781548 |
details, prediction |
Bancor
BNT
|
0.8600466 |
details, prediction |
SysCoin
SYS
|
0.82654035 |
details, prediction |
Lisk
LSK
|
0.8128422 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Horizen 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 Horizen
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.364261 |
details, prediction |
Stellar
XLM
|
0.46929944 |
details, prediction |
Monero
XMR
|
0.5428518 |
details, prediction |
Ethereum
ETH
|
0.6200052 |
details, prediction |
ChainLink
LINK
|
0.62978476 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7739508 |
details, prediction |
USD//Coin
USDC
|
-0.41332534 |
details, prediction |
True USD
TUSD
|
-0.34638667 |
details, prediction |
Waves
WAVES
|
0.13586046 |
details, prediction |
aelf
ELF
|
0.16573653 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.5337605 |
details, prediction |
NKN
NKN
|
-0.41646564 |
details, prediction |
OPEN Platform
OPEN
|
-0.18744181 |
details, prediction |
ICON
ICX
|
-0.14837977 |
details, prediction |
Propy
PRO
|
-0.12473593 |
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)