Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.96392834 |
details, prediction |
Litecoin
LTC
|
0.95378166 |
details, prediction |
Ethereum Classic
ETC
|
0.9473838 |
details, prediction |
Cardano
ADA
|
0.93456423 |
details, prediction |
ZCash
ZEC
|
0.91822755 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.982087 |
details, prediction |
Tezos
XTZ
|
0.95004916 |
details, prediction |
Status
SNT
|
0.9471508 |
details, prediction |
DASH
DASH
|
0.94545203 |
details, prediction |
IOTA
IOT
|
0.9402684 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.95065224 |
details, prediction |
Kleros
PNK
|
0.93716747 |
details, prediction |
Electroneum
ETN
|
0.9190512 |
details, prediction |
NKN
NKN
|
0.9184115 |
details, prediction |
SwftCoin
SWFTC
|
0.9104672 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NEO 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 NEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.42607126 |
details, prediction |
UNUS SED LEO
LEO
|
0.48764694 |
details, prediction |
Binance Coin
BNB
|
0.6248635 |
details, prediction |
Dogecoin
DOGE
|
0.6266791 |
details, prediction |
Bitcoin Cash
BCH
|
0.6939114 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.47245437 |
details, prediction |
Decred
DCR
|
-0.16554844 |
details, prediction |
True USD
TUSD
|
0.021687077 |
details, prediction |
Verge
XVG
|
0.2510399 |
details, prediction |
Zilliqa
ZIL
|
0.30502123 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.27477542 |
details, prediction |
HEROcoin
PLAY
|
-0.20003176 |
details, prediction |
Constellation
DAG
|
-0.11769333 |
details, prediction |
Dero
DERO
|
-0.006127827 |
details, prediction |
Dent
DENT
|
0.3511421 |
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)