Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8622494 |
details, prediction |
Bitcoin Cash
BCH
|
0.8051111 |
details, prediction |
Cardano
ADA
|
0.6694244 |
details, prediction |
XRP
XRP
|
0.28527007 |
details, prediction |
Stellar
XLM
|
0.005602447 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.90187603 |
details, prediction |
Siacoin
SC
|
0.86006385 |
details, prediction |
Waves
WAVES
|
0.8368943 |
details, prediction |
IOTA
IOT
|
0.79157233 |
details, prediction |
Bitcoin Gold
BTG
|
0.7903397 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.95529824 |
details, prediction |
Komodo
KMD
|
0.93576115 |
details, prediction |
NEM
XEM
|
0.8622676 |
details, prediction |
IoTeX
IOTX
|
0.8385628 |
details, prediction |
Elastos
ELA
|
0.780829 |
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
|
UNUS SED LEO
LEO
|
-0.9951711 |
details, prediction |
TRON
TRX
|
-0.9026876 |
details, prediction |
Ethereum
ETH
|
-0.57956976 |
details, prediction |
Bitcoin
BTC
|
-0.5632033 |
details, prediction |
ZCash
ZEC
|
-0.51377964 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.5619195 |
details, prediction |
Bitcoin SV
BSV
|
-0.5270379 |
details, prediction |
True USD
TUSD
|
-0.41627088 |
details, prediction |
DASH
DASH
|
-0.36196387 |
details, prediction |
Chiliz
CHZ
|
-0.23807947 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.8034465 |
details, prediction |
Ontology
ONT
|
-0.6052971 |
details, prediction |
HEROcoin
PLAY
|
-0.5443474 |
details, prediction |
Enjin Coin
ENJ
|
-0.47736794 |
details, prediction |
Metal
MTL
|
-0.4008454 |
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)