Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.942666 |
details, prediction |
Dogecoin
DOGE
|
0.92532516 |
details, prediction |
XRP
XRP
|
0.91448385 |
details, prediction |
Bitcoin
BTC
|
0.8845227 |
details, prediction |
Ethereum Classic
ETC
|
0.880546 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9525287 |
details, prediction |
Waves
WAVES
|
0.9497757 |
details, prediction |
Nexo
NEXO
|
0.9469965 |
details, prediction |
Tezos
XTZ
|
0.9468663 |
details, prediction |
Theta Fuel
TFUEL
|
0.943609 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.97470075 |
details, prediction |
ICON
ICX
|
0.9531204 |
details, prediction |
Lisk
LSK
|
0.9503608 |
details, prediction |
Gas
GAS
|
0.9463741 |
details, prediction |
ARK
ARK
|
0.9451013 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ontology 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 Ontology
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.44535702 |
details, prediction |
TRON
TRX
|
0.09736545 |
details, prediction |
ZCash
ZEC
|
0.17562488 |
details, prediction |
Binance Coin
BNB
|
0.6190553 |
details, prediction |
Monero
XMR
|
0.6748272 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8773492 |
details, prediction |
USD//Coin
USDC
|
-0.79856277 |
details, prediction |
True USD
TUSD
|
-0.2128593 |
details, prediction |
DigiByte
DGB
|
0.18407851 |
details, prediction |
OriginTrail
TRAC
|
0.46978503 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.20260218 |
details, prediction |
V Systems
VSYS
|
-0.1617298 |
details, prediction |
Phantasma
SOUL
|
0.09599428 |
details, prediction |
NKN
NKN
|
0.19858125 |
details, prediction |
Matrix AI Network
MAN
|
0.2503865 |
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)