Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9756277 |
details, prediction |
Ethereum Classic
ETC
|
0.9746353 |
details, prediction |
Ethereum
ETH
|
0.9510877 |
details, prediction |
Monero
XMR
|
0.95003194 |
details, prediction |
ZCash
ZEC
|
0.94742864 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.985568 |
details, prediction |
NEO
NEO
|
0.96392834 |
details, prediction |
Synthetix Network Token
SNX
|
0.95424473 |
details, prediction |
Telcoin
TEL
|
0.9448386 |
details, prediction |
Tezos
XTZ
|
0.9378136 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9865249 |
details, prediction |
Phantasma
SOUL
|
0.96569324 |
details, prediction |
Lisk
LSK
|
0.9315522 |
details, prediction |
NKN
NKN
|
0.9273549 |
details, prediction |
Bancor
BNT
|
0.91987073 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Stellar 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 Stellar
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.09266916 |
details, prediction |
TRON
TRX
|
-0.032381747 |
details, prediction |
Litecoin
LTC
|
0.43978247 |
details, prediction |
Dogecoin
DOGE
|
0.619913 |
details, prediction |
UNUS SED LEO
LEO
|
0.642624 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5147741 |
details, prediction |
Decred
DCR
|
-0.11332959 |
details, prediction |
True USD
TUSD
|
3.149926E-4 |
details, prediction |
Zilliqa
ZIL
|
0.11164305 |
details, prediction |
Verge
XVG
|
0.19345742 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.35810867 |
details, prediction |
HEROcoin
PLAY
|
-0.2604424 |
details, prediction |
BABB
BAX
|
-0.13934372 |
details, prediction |
Dero
DERO
|
-0.041256916 |
details, prediction |
BOScoin
BOS
|
0.42266545 |
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)