Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.83723277 |
details, prediction |
Dogecoin
DOGE
|
0.6939919 |
details, prediction |
Monero
XMR
|
0.6723882 |
details, prediction |
EOS
EOS
|
0.6410447 |
details, prediction |
NEO
NEO
|
0.6381292 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.9021318 |
details, prediction |
Gas
GAS
|
0.8399259 |
details, prediction |
Decred
DCR
|
0.8102707 |
details, prediction |
Internet of Services
IOST
|
0.7883121 |
details, prediction |
aelf
ELF
|
0.7609431 |
details, prediction |
Third tier
|
NovaCoin
NVC
|
0.9834987 |
details, prediction |
Genesis Vision
GVT
|
0.9623748 |
details, prediction |
SpaceChain
SPC
|
0.93294024 |
details, prediction |
LockChain
LOC
|
0.9328408 |
details, prediction |
BlackCoin
BLK
|
0.8995003 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Agrello 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 Agrello
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.931103 |
details, prediction |
Binance Coin
BNB
|
-0.8678511 |
details, prediction |
Crypto.com Chain
CRO
|
-0.8561729 |
details, prediction |
Ethereum
ETH
|
-0.75434554 |
details, prediction |
UNUS SED LEO
LEO
|
-0.686311 |
details, prediction |
Second tier
|
Loopring
LRC
|
-0.92963254 |
details, prediction |
Decentraland
MANA
|
-0.92841184 |
details, prediction |
OriginTrail
TRAC
|
-0.8899447 |
details, prediction |
Enjin Coin
ENJ
|
-0.8744684 |
details, prediction |
IoTeX
IOTX
|
-0.831862 |
details, prediction |
Third tier
|
Bitbook Gambling
BXK
|
-0.9059931 |
details, prediction |
Phantasma
SOUL
|
-0.88698053 |
details, prediction |
Gamecredits
GAME
|
-0.85203266 |
details, prediction |
WAX
WAX
|
-0.8405056 |
details, prediction |
Aurora Chain
AOA
|
-0.8388436 |
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)