Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.76426387 |
details, prediction |
Bitcoin
BTC
|
0.76407456 |
details, prediction |
Ethereum
ETH
|
0.6551209 |
details, prediction |
KuCoin Shares
KCS
|
0.57321465 |
details, prediction |
Monero
XMR
|
0.5485818 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.8036693 |
details, prediction |
Theta
THETA
|
0.7749562 |
details, prediction |
0x
ZRX
|
0.7269837 |
details, prediction |
iEx.ec
RLC
|
0.6548848 |
details, prediction |
Cosmos
ATOM
|
0.5932819 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.83776236 |
details, prediction |
Loopring
LRC
|
0.7977835 |
details, prediction |
Enjin Coin
ENJ
|
0.7456512 |
details, prediction |
Bancor
BNT
|
0.64841557 |
details, prediction |
Storj
STORJ
|
0.5913947 |
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
|
Crypto.com Chain
CRO
|
-0.031356674 |
details, prediction |
Cardano
ADA
|
0.05629243 |
details, prediction |
TRON
TRX
|
0.10460562 |
details, prediction |
Bitcoin Cash
BCH
|
0.16945143 |
details, prediction |
Stellar
XLM
|
0.2721083 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.65762585 |
details, prediction |
Verge
XVG
|
-0.37631878 |
details, prediction |
Dai
DAI
|
-0.20467559 |
details, prediction |
Nexo
NEXO
|
-0.026785528 |
details, prediction |
OriginTrail
TRAC
|
-0.023632046 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.8497738 |
details, prediction |
FunFair
FUN
|
-0.63141793 |
details, prediction |
Propy
PRO
|
-0.60688275 |
details, prediction |
Wanchain
WAN
|
-0.5683853 |
details, prediction |
BABB
BAX
|
-0.54282236 |
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)