Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.89009905 |
details, prediction |
Dogecoin
DOGE
|
0.85058874 |
details, prediction |
Ethereum Classic
ETC
|
0.7655846 |
details, prediction |
Crypto.com Chain
CRO
|
0.74219 |
details, prediction |
Monero
XMR
|
0.7306351 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.88618636 |
details, prediction |
DASH
DASH
|
0.8586769 |
details, prediction |
iEx.ec
RLC
|
0.84089977 |
details, prediction |
Basic Attention Token
BAT
|
0.78795815 |
details, prediction |
Theta
THETA
|
0.78032774 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8523482 |
details, prediction |
SingularityNET
AGI
|
0.84815484 |
details, prediction |
Bancor
BNT
|
0.8424405 |
details, prediction |
Storj
STORJ
|
0.82562596 |
details, prediction |
Lisk
LSK
|
0.8168139 |
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
|
-0.34633616 |
details, prediction |
UNUS SED LEO
LEO
|
0.02136549 |
details, prediction |
Stellar
XLM
|
0.24683447 |
details, prediction |
Ethereum
ETH
|
0.48763534 |
details, prediction |
Bitcoin Cash
BCH
|
0.524013 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.23107861 |
details, prediction |
Dai
DAI
|
-0.1168416 |
details, prediction |
Nexo
NEXO
|
-0.06625553 |
details, prediction |
USD//Coin
USDC
|
0.004912867 |
details, prediction |
Algorand
ALGO
|
0.22771588 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.4022632 |
details, prediction |
Propy
PRO
|
-0.20794234 |
details, prediction |
NKN
NKN
|
-0.18587543 |
details, prediction |
Dent
DENT
|
-0.1635988 |
details, prediction |
Steem
STEEM
|
-0.10289183 |
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)