Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8283719 |
details, prediction |
Bitcoin Cash
BCH
|
0.8008662 |
details, prediction |
Dogecoin
DOGE
|
0.75224596 |
details, prediction |
ZCash
ZEC
|
0.75031596 |
details, prediction |
XRP
XRP
|
0.7047645 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9090295 |
details, prediction |
Request Network
REQ
|
0.8975 |
details, prediction |
Theta Fuel
TFUEL
|
0.8906785 |
details, prediction |
Siacoin
SC
|
0.8770718 |
details, prediction |
Waves
WAVES
|
0.863001 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.9472607 |
details, prediction |
Elastos
ELA
|
0.91993415 |
details, prediction |
Loopring
LRC
|
0.9135994 |
details, prediction |
Internet of Services
IOST
|
0.8802589 |
details, prediction |
BOScoin
BOS
|
0.876984 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Komodo 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 Komodo
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.38467208 |
details, prediction |
UNUS SED LEO
LEO
|
0.048837774 |
details, prediction |
ChainLink
LINK
|
0.41447735 |
details, prediction |
Stellar
XLM
|
0.4766207 |
details, prediction |
Crypto.com Chain
CRO
|
0.5447108 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.55801 |
details, prediction |
Dai
DAI
|
0.013237597 |
details, prediction |
Nexo
NEXO
|
0.120435424 |
details, prediction |
HoloToken
HOT
|
0.32281673 |
details, prediction |
Verge
XVG
|
0.34411103 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5411312 |
details, prediction |
Propy
PRO
|
-0.23073381 |
details, prediction |
OPEN Platform
OPEN
|
-0.12521213 |
details, prediction |
FunFair
FUN
|
-0.071021944 |
details, prediction |
BABB
BAX
|
0.065165915 |
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)