Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9023944 |
details, prediction |
Dogecoin
DOGE
|
0.8821471 |
details, prediction |
XRP
XRP
|
0.8739993 |
details, prediction |
KuCoin Shares
KCS
|
0.74737245 |
details, prediction |
Bitcoin Cash
BCH
|
0.74649674 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.8993719 |
details, prediction |
0x
ZRX
|
0.89834785 |
details, prediction |
Nexo
NEXO
|
0.89822716 |
details, prediction |
QTUM
QTUM
|
0.8898642 |
details, prediction |
Vechain
VET
|
0.88778377 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9333548 |
details, prediction |
Ontology
ONT
|
0.91707176 |
details, prediction |
Gas
GAS
|
0.9061061 |
details, prediction |
SingularityNET
AGI
|
0.89314497 |
details, prediction |
Steem
STEEM
|
0.87586075 |
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
|
Monero
XMR
|
0.17973374 |
details, prediction |
Stellar
XLM
|
0.37846977 |
details, prediction |
Ethereum
ETH
|
0.4217526 |
details, prediction |
ChainLink
LINK
|
0.42220116 |
details, prediction |
TRON
TRX
|
0.4486261 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8172542 |
details, prediction |
USD//Coin
USDC
|
-0.18355502 |
details, prediction |
True USD
TUSD
|
-0.10954491 |
details, prediction |
DigiByte
DGB
|
-0.0474099 |
details, prediction |
Bitcoin SV
BSV
|
0.25539106 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.4442653 |
details, prediction |
V Systems
VSYS
|
-0.2395073 |
details, prediction |
Propy
PRO
|
-0.2234181 |
details, prediction |
Matrix AI Network
MAN
|
-0.21786818 |
details, prediction |
OPEN Platform
OPEN
|
0.027931575 |
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)