Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8505938 |
details, prediction |
Ethereum Classic
ETC
|
0.81044054 |
details, prediction |
KuCoin Shares
KCS
|
0.8090995 |
details, prediction |
Dogecoin
DOGE
|
0.793793 |
details, prediction |
Stellar
XLM
|
0.771857 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.8314408 |
details, prediction |
Decentraland
MANA
|
0.8221238 |
details, prediction |
FTX Token
FTT
|
0.79446244 |
details, prediction |
NEO
NEO
|
0.7669066 |
details, prediction |
Algorand
ALGO
|
0.76463306 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.76559615 |
details, prediction |
Stox
STX
|
0.73011243 |
details, prediction |
Bancor
BNT
|
0.72920734 |
details, prediction |
Ontology
ONT
|
0.72509766 |
details, prediction |
Achain
ACT
|
0.7232239 |
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
|
TRON
TRX
|
0.35469997 |
details, prediction |
Monero
XMR
|
0.47165164 |
details, prediction |
ZCash
ZEC
|
0.55800486 |
details, prediction |
Ethereum
ETH
|
0.57059485 |
details, prediction |
Binance Coin
BNB
|
0.6010731 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.2332683 |
details, prediction |
USD//Coin
USDC
|
-0.051219855 |
details, prediction |
True USD
TUSD
|
-0.01328939 |
details, prediction |
Bitcoin Gold
BTG
|
0.09108838 |
details, prediction |
DigiByte
DGB
|
0.17676921 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.504807 |
details, prediction |
OPEN Platform
OPEN
|
-0.48699826 |
details, prediction |
Matrix AI Network
MAN
|
-0.33771577 |
details, prediction |
ICON
ICX
|
-0.31489694 |
details, prediction |
Propy
PRO
|
-0.22740401 |
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)