Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.73406816 |
details, prediction |
Cardano
ADA
|
0.6241403 |
details, prediction |
XRP
XRP
|
0.46487424 |
details, prediction |
Litecoin
LTC
|
0.39333007 |
details, prediction |
Bitcoin Cash
BCH
|
0.3522957 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.86861134 |
details, prediction |
Decred
DCR
|
0.80939716 |
details, prediction |
Verge
XVG
|
0.6787289 |
details, prediction |
Theta Fuel
TFUEL
|
0.66957206 |
details, prediction |
Ardor
ARDR
|
0.65142024 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9150464 |
details, prediction |
Komodo
KMD
|
0.8581008 |
details, prediction |
NEM
XEM
|
0.7346881 |
details, prediction |
Stox
STX
|
0.6984237 |
details, prediction |
IoTeX
IOTX
|
0.676537 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matrix AI Network 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 Matrix AI Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7553867 |
details, prediction |
ZCash
ZEC
|
-0.3853537 |
details, prediction |
Stellar
XLM
|
-0.23960198 |
details, prediction |
KuCoin Shares
KCS
|
-0.037516575 |
details, prediction |
Monero
XMR
|
-0.013134072 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7251314 |
details, prediction |
USD//Coin
USDC
|
-0.61019397 |
details, prediction |
Algorand
ALGO
|
-0.56100464 |
details, prediction |
iEx.ec
RLC
|
-0.31035084 |
details, prediction |
Dai
DAI
|
-0.27142864 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.5928335 |
details, prediction |
Ontology
ONT
|
-0.533134 |
details, prediction |
V Systems
VSYS
|
-0.5084342 |
details, prediction |
Enjin Coin
ENJ
|
-0.41015875 |
details, prediction |
OPEN Platform
OPEN
|
-0.3937503 |
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)