Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.8263806 |
details, prediction |
Bitcoin Cash
BCH
|
0.7600826 |
details, prediction |
Litecoin
LTC
|
0.7352556 |
details, prediction |
KuCoin Shares
KCS
|
0.69809425 |
details, prediction |
XRP
XRP
|
0.6328887 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.8623431 |
details, prediction |
aelf
ELF
|
0.84171766 |
details, prediction |
Bitcoin SV
BSV
|
0.8409506 |
details, prediction |
Ravencoin
RVN
|
0.8211574 |
details, prediction |
Decentraland
MANA
|
0.79739267 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9489948 |
details, prediction |
Lisk
LSK
|
0.87187934 |
details, prediction |
Gas
GAS
|
0.86116713 |
details, prediction |
QuarkChain
QKC
|
0.84861374 |
details, prediction |
ICON
ICX
|
0.83571625 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AdEx 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 AdEx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9253387 |
details, prediction |
TRON
TRX
|
-0.46223602 |
details, prediction |
Stellar
XLM
|
-0.43186152 |
details, prediction |
ZCash
ZEC
|
-0.31322163 |
details, prediction |
Binance Coin
BNB
|
-0.27492708 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6755715 |
details, prediction |
Dai
DAI
|
-0.65282077 |
details, prediction |
Telcoin
TEL
|
-0.62924683 |
details, prediction |
USD//Coin
USDC
|
-0.5249869 |
details, prediction |
Cosmos
ATOM
|
-0.18223959 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.6096993 |
details, prediction |
Constellation
DAG
|
-0.29534072 |
details, prediction |
V Systems
VSYS
|
-0.2946721 |
details, prediction |
Dero
DERO
|
-0.24029952 |
details, prediction |
Komodo
KMD
|
-0.16116446 |
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)