Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.9865659 |
details, prediction |
ZCash
ZEC
|
0.9836233 |
details, prediction |
Cardano
ADA
|
0.98144454 |
details, prediction |
Ethereum
ETH
|
0.9812263 |
details, prediction |
Litecoin
LTC
|
0.9765354 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.98131937 |
details, prediction |
Request Network
REQ
|
0.98006326 |
details, prediction |
Loopring
LRC
|
0.9788823 |
details, prediction |
EOS
EOS
|
0.9728508 |
details, prediction |
iEx.ec
RLC
|
0.97079843 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.9881828 |
details, prediction |
IoTeX
IOTX
|
0.9801497 |
details, prediction |
Lisk
LSK
|
0.9783192 |
details, prediction |
ARK
ARK
|
0.97698665 |
details, prediction |
Internet of Services
IOST
|
0.97528315 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kleros 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 Kleros
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.5086405 |
details, prediction |
Dogecoin
DOGE
|
0.38942835 |
details, prediction |
Binance Coin
BNB
|
0.5703255 |
details, prediction |
XRP
XRP
|
0.7174977 |
details, prediction |
ChainLink
LINK
|
0.7367527 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6184735 |
details, prediction |
Zilliqa
ZIL
|
-0.4579689 |
details, prediction |
Decred
DCR
|
-0.388077 |
details, prediction |
True USD
TUSD
|
-0.23722199 |
details, prediction |
Verge
XVG
|
-0.039080758 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.3324693 |
details, prediction |
Elastos
ELA
|
0.5195523 |
details, prediction |
Gas
GAS
|
0.55739546 |
details, prediction |
NEM
XEM
|
0.66774976 |
details, prediction |
Komodo
KMD
|
0.7313238 |
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)