Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.763555 |
details, prediction |
KuCoin Shares
KCS
|
0.7225203 |
details, prediction |
Litecoin
LTC
|
0.69050753 |
details, prediction |
Ethereum
ETH
|
0.6779157 |
details, prediction |
Bitcoin
BTC
|
0.65290105 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.7286481 |
details, prediction |
0x
ZRX
|
0.7240096 |
details, prediction |
Status
SNT
|
0.7145416 |
details, prediction |
Nexo
NEXO
|
0.70024085 |
details, prediction |
HoloToken
HOT
|
0.6899922 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.74450755 |
details, prediction |
Hydro Protocol
HOT
|
0.6969023 |
details, prediction |
LAToken
LA
|
0.6968034 |
details, prediction |
Civic
CVC
|
0.6948456 |
details, prediction |
Kambria
KAT
|
0.65078956 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chiliz 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 Chiliz
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.45675835 |
details, prediction |
TRON
TRX
|
-0.021530181 |
details, prediction |
Binance Coin
BNB
|
-0.0059410376 |
details, prediction |
ZCash
ZEC
|
0.029479755 |
details, prediction |
Crypto.com Chain
CRO
|
0.22406091 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.52823216 |
details, prediction |
OriginTrail
TRAC
|
-0.48324615 |
details, prediction |
Telcoin
TEL
|
-0.37330592 |
details, prediction |
USD//Coin
USDC
|
-0.2679967 |
details, prediction |
Verge
XVG
|
-0.12882274 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.60940254 |
details, prediction |
Loopring
LRC
|
-0.5210178 |
details, prediction |
Komodo
KMD
|
-0.46379402 |
details, prediction |
Dero
DERO
|
-0.19061004 |
details, prediction |
Wanchain
WAN
|
-0.18506788 |
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)