Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.96287584 |
details, prediction |
Dogecoin
DOGE
|
0.96124923 |
details, prediction |
ChainLink
LINK
|
0.9563815 |
details, prediction |
Bitcoin
BTC
|
0.92488945 |
details, prediction |
Cardano
ADA
|
0.92376846 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.966252 |
details, prediction |
Horizen
ZEN
|
0.9546906 |
details, prediction |
NEO
NEO
|
0.9503112 |
details, prediction |
iEx.ec
RLC
|
0.94327295 |
details, prediction |
Zilliqa
ZIL
|
0.93528646 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.97725195 |
details, prediction |
Storj
STORJ
|
0.944255 |
details, prediction |
Elastos
ELA
|
0.94387275 |
details, prediction |
Bancor
BNT
|
0.9393881 |
details, prediction |
Internet of Services
IOST
|
0.9376819 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Stox 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 Stox
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.36756307 |
details, prediction |
ZCash
ZEC
|
0.15746054 |
details, prediction |
TRON
TRX
|
0.4111796 |
details, prediction |
Monero
XMR
|
0.78537136 |
details, prediction |
Bitcoin Cash
BCH
|
0.8036909 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6940362 |
details, prediction |
True USD
TUSD
|
-0.68111867 |
details, prediction |
Dai
DAI
|
-0.48092306 |
details, prediction |
Telcoin
TEL
|
0.22966443 |
details, prediction |
OriginTrail
TRAC
|
0.3595728 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.6672081 |
details, prediction |
FunFair
FUN
|
-0.5596666 |
details, prediction |
Matrix AI Network
MAN
|
-0.2365469 |
details, prediction |
Propy
PRO
|
-0.17687157 |
details, prediction |
V Systems
VSYS
|
2.623289E-4 |
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)