Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8077433 |
details, prediction |
Crypto.com Chain
CRO
|
0.69812834 |
details, prediction |
Dogecoin
DOGE
|
0.66976976 |
details, prediction |
XRP
XRP
|
0.63104683 |
details, prediction |
Binance Coin
BNB
|
0.514869 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.86260664 |
details, prediction |
Tezos
XTZ
|
0.8097285 |
details, prediction |
Zilliqa
ZIL
|
0.7761078 |
details, prediction |
Siacoin
SC
|
0.7386693 |
details, prediction |
DigiByte
DGB
|
0.728209 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9475149 |
details, prediction |
Komodo
KMD
|
0.87001234 |
details, prediction |
Matrix AI Network
MAN
|
0.8387556 |
details, prediction |
NEM
XEM
|
0.79892725 |
details, prediction |
Internet of Services
IOST
|
0.79124105 |
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
|
TRON
TRX
|
-0.68451685 |
details, prediction |
KuCoin Shares
KCS
|
-0.39125988 |
details, prediction |
Ethereum
ETH
|
-0.13008967 |
details, prediction |
Stellar
XLM
|
-0.062207703 |
details, prediction |
ZCash
ZEC
|
0.06641032 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7810433 |
details, prediction |
USD//Coin
USDC
|
-0.5713008 |
details, prediction |
Algorand
ALGO
|
-0.37194714 |
details, prediction |
Dai
DAI
|
-0.32799378 |
details, prediction |
iEx.ec
RLC
|
-0.2541879 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.7792482 |
details, prediction |
LAToken
LA
|
-0.67379737 |
details, prediction |
Gas
GAS
|
-0.57695526 |
details, prediction |
NKN
NKN
|
-0.5466741 |
details, prediction |
V Systems
VSYS
|
-0.535178 |
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)