Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6887482 |
details, prediction |
Dogecoin
DOGE
|
0.541764 |
details, prediction |
Ethereum Classic
ETC
|
0.5379863 |
details, prediction |
Bitcoin Cash
BCH
|
0.39491585 |
details, prediction |
ChainLink
LINK
|
0.36538032 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8529998 |
details, prediction |
Basic Attention Token
BAT
|
0.8030536 |
details, prediction |
Theta
THETA
|
0.797218 |
details, prediction |
Decentraland
MANA
|
0.75826716 |
details, prediction |
Horizen
ZEN
|
0.7546162 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.8195715 |
details, prediction |
Loopring
LRC
|
0.8130155 |
details, prediction |
Civic
CVC
|
0.7803295 |
details, prediction |
QuarkChain
QKC
|
0.7137383 |
details, prediction |
Power Ledger
POWR
|
0.7036449 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that iEx.ec 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 iEx.ec
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.472252 |
details, prediction |
Crypto.com Chain
CRO
|
-0.37348956 |
details, prediction |
Stellar
XLM
|
-0.04410838 |
details, prediction |
TRON
TRX
|
-0.043337375 |
details, prediction |
Binance Coin
BNB
|
0.10118738 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.45903826 |
details, prediction |
Decred
DCR
|
-0.4375711 |
details, prediction |
Dai
DAI
|
-0.43753445 |
details, prediction |
Telcoin
TEL
|
-0.29813662 |
details, prediction |
USD//Coin
USDC
|
-0.20998155 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.5418883 |
details, prediction |
Constellation
DAG
|
-0.5014571 |
details, prediction |
Matrix AI Network
MAN
|
-0.48644304 |
details, prediction |
Dent
DENT
|
-0.48191956 |
details, prediction |
FunFair
FUN
|
-0.27598995 |
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)