Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.17571574 |
details, prediction |
KuCoin Shares
KCS
|
0.03015924 |
details, prediction |
Maker
MKR
|
-0.016924346 |
details, prediction |
Monero
XMR
|
-0.104550146 |
details, prediction |
Ethereum Classic
ETC
|
-0.17312387 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
0.39329377 |
details, prediction |
Dai
DAI
|
0.3924305 |
details, prediction |
Centrality
CENNZ
|
0.38486814 |
details, prediction |
True USD
TUSD
|
0.3718599 |
details, prediction |
MonaCoin
MONA
|
0.21929018 |
details, prediction |
Third tier
|
Energi
NRG
|
0.60742044 |
details, prediction |
SunContract
SNC
|
0.5702321 |
details, prediction |
Veritaseum
VERI
|
0.49614432 |
details, prediction |
Time New Bank
TNB
|
0.47101176 |
details, prediction |
PetroDollar
XPD
|
0.45403388 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that IOCoin 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 IOCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.45682523 |
details, prediction |
Theta
THETA
|
-0.4285727 |
details, prediction |
Matic Network
MATIC
|
-0.4189922 |
details, prediction |
Bitcoin SV
BSV
|
-0.4153991 |
details, prediction |
EOS
EOS
|
-0.40483984 |
details, prediction |
Second tier
|
MaidSafe Coin
MAID
|
-0.6249342 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.5021929 |
details, prediction |
Waves
WAVES
|
-0.45422047 |
details, prediction |
Dent
DENT
|
-0.4149042 |
details, prediction |
TomoChain
TOMO
|
-0.4119386 |
details, prediction |
Third tier
|
Global Social Chain
GSC
|
-0.8590649 |
details, prediction |
Wings DAO
WINGS
|
-0.6779613 |
details, prediction |
Tycoon Global
TCT
|
-0.66398335 |
details, prediction |
Nimiq
NET
|
-0.6631086 |
details, prediction |
Upfiring
UFR
|
-0.6286564 |
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)