Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.93489385 |
details, prediction |
XRP
XRP
|
0.9063343 |
details, prediction |
Dogecoin
DOGE
|
0.9036244 |
details, prediction |
Bitcoin Cash
BCH
|
0.8465348 |
details, prediction |
Bitcoin
BTC
|
0.8385208 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.94588697 |
details, prediction |
Siacoin
SC
|
0.9428205 |
details, prediction |
Waves
WAVES
|
0.9319239 |
details, prediction |
Zilliqa
ZIL
|
0.9222657 |
details, prediction |
aelf
ELF
|
0.92116404 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.9295894 |
details, prediction |
Civic
CVC
|
0.928875 |
details, prediction |
Lisk
LSK
|
0.92843896 |
details, prediction |
Stox
STX
|
0.92392355 |
details, prediction |
Gas
GAS
|
0.9223955 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Storj 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 Storj
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.31700563 |
details, prediction |
TRON
TRX
|
0.35391524 |
details, prediction |
ZCash
ZEC
|
0.3994059 |
details, prediction |
Monero
XMR
|
0.59643537 |
details, prediction |
Ethereum
ETH
|
0.65904045 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7448567 |
details, prediction |
USD//Coin
USDC
|
-0.6342526 |
details, prediction |
True USD
TUSD
|
-0.13623784 |
details, prediction |
DigiByte
DGB
|
0.05684211 |
details, prediction |
OriginTrail
TRAC
|
0.6402099 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.2310031 |
details, prediction |
V Systems
VSYS
|
0.005517521 |
details, prediction |
Phantasma
SOUL
|
0.029469203 |
details, prediction |
Matrix AI Network
MAN
|
0.11495496 |
details, prediction |
NKN
NKN
|
0.11682676 |
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)