Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.93381035 |
details, prediction |
Ethereum Classic
ETC
|
0.9120905 |
details, prediction |
XRP
XRP
|
0.8749917 |
details, prediction |
Bitcoin Cash
BCH
|
0.8018548 |
details, prediction |
Binance Coin
BNB
|
0.7736726 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9492099 |
details, prediction |
Chiliz
CHZ
|
0.94699764 |
details, prediction |
Theta
THETA
|
0.9311272 |
details, prediction |
NEO
NEO
|
0.93106115 |
details, prediction |
Synthetix Network Token
SNX
|
0.9196634 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.9471753 |
details, prediction |
Kyber Network
KNC
|
0.9468901 |
details, prediction |
Internet of Services
IOST
|
0.93458605 |
details, prediction |
Steem
STEEM
|
0.93283886 |
details, prediction |
ARK
ARK
|
0.93109876 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kambria 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 Kambria
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.14960593 |
details, prediction |
Ethereum
ETH
|
0.29621035 |
details, prediction |
Monero
XMR
|
0.40790707 |
details, prediction |
ZCash
ZEC
|
0.41884568 |
details, prediction |
TRON
TRX
|
0.42728344 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.73907906 |
details, prediction |
USD//Coin
USDC
|
-0.44028154 |
details, prediction |
True USD
TUSD
|
-0.33887038 |
details, prediction |
DigiByte
DGB
|
-0.0946119 |
details, prediction |
Bitcoin SV
BSV
|
0.21913147 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.5011575 |
details, prediction |
NKN
NKN
|
-0.3987865 |
details, prediction |
V Systems
VSYS
|
-0.31813732 |
details, prediction |
Phantasma
SOUL
|
-0.25722197 |
details, prediction |
Matrix AI Network
MAN
|
-0.10210081 |
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)