Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.26699564 |
details, prediction |
KuCoin Shares
KCS
|
0.120501675 |
details, prediction |
Stellar
XLM
|
0.07585924 |
details, prediction |
Bitcoin Cash
BCH
|
0.066456296 |
details, prediction |
Dogecoin
DOGE
|
0.0026844533 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.49728447 |
details, prediction |
True USD
TUSD
|
0.450183 |
details, prediction |
USD//Coin
USDC
|
0.44593322 |
details, prediction |
Ravencoin
RVN
|
0.34960052 |
details, prediction |
Request Network
REQ
|
0.28484312 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.6064078 |
details, prediction |
AdEx
ADX
|
0.28372133 |
details, prediction |
OPEN Platform
OPEN
|
0.28017798 |
details, prediction |
ICON
ICX
|
0.24022108 |
details, prediction |
Propy
PRO
|
0.22941603 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HEROcoin 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 HEROcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.43519348 |
details, prediction |
Litecoin
LTC
|
-0.2178563 |
details, prediction |
Binance Coin
BNB
|
-0.20436451 |
details, prediction |
Monero
XMR
|
-0.17585 |
details, prediction |
Ethereum
ETH
|
-0.14175826 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
-0.41586742 |
details, prediction |
DASH
DASH
|
-0.40696865 |
details, prediction |
Horizen
ZEN
|
-0.40620857 |
details, prediction |
Vechain
VET
|
-0.3295349 |
details, prediction |
0x
ZRX
|
-0.32471696 |
details, prediction |
|
Third tier
|
Electroneum
ETN
|
-0.5975012 |
details, prediction |
Lisk
LSK
|
-0.5223474 |
details, prediction |
Power Ledger
POWR
|
-0.51454365 |
details, prediction |
Civic
CVC
|
-0.43893346 |
details, prediction |
Steem
STEEM
|
-0.41235694 |
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)