Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.83641744 |
details, prediction |
Bitcoin Cash
BCH
|
0.82299346 |
details, prediction |
XRP
XRP
|
0.8031267 |
details, prediction |
Cardano
ADA
|
0.79037493 |
details, prediction |
Ethereum Classic
ETC
|
0.7762007 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.89453125 |
details, prediction |
Ravencoin
RVN
|
0.8727008 |
details, prediction |
Theta Fuel
TFUEL
|
0.8627487 |
details, prediction |
Siacoin
SC
|
0.85815805 |
details, prediction |
NEO
NEO
|
0.8514529 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.89627594 |
details, prediction |
IoTeX
IOTX
|
0.8843908 |
details, prediction |
ARK
ARK
|
0.8837369 |
details, prediction |
Internet of Services
IOST
|
0.8791892 |
details, prediction |
Steem
STEEM
|
0.8721431 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ardor 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 Ardor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5572693 |
details, prediction |
ZCash
ZEC
|
-0.16429678 |
details, prediction |
TRON
TRX
|
-0.13380548 |
details, prediction |
Binance Coin
BNB
|
0.59589565 |
details, prediction |
KuCoin Shares
KCS
|
0.6047655 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8292361 |
details, prediction |
Dai
DAI
|
-0.7583193 |
details, prediction |
True USD
TUSD
|
-0.57801217 |
details, prediction |
Telcoin
TEL
|
0.09860313 |
details, prediction |
OriginTrail
TRAC
|
0.24145855 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.40577775 |
details, prediction |
Propy
PRO
|
-0.3576524 |
details, prediction |
V Systems
VSYS
|
-0.2460177 |
details, prediction |
Phantasma
SOUL
|
-0.08951868 |
details, prediction |
Komodo
KMD
|
-0.076274246 |
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)