Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.9522914 |
details, prediction |
Binance Coin
BNB
|
0.90298855 |
details, prediction |
Litecoin
LTC
|
0.84515333 |
details, prediction |
Monero
XMR
|
0.8325863 |
details, prediction |
Bitcoin
BTC
|
0.82272655 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.9773825 |
details, prediction |
Vechain
VET
|
0.92630845 |
details, prediction |
QTUM
QTUM
|
0.8805529 |
details, prediction |
0x
ZRX
|
0.8765539 |
details, prediction |
Theta
THETA
|
0.84137595 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8757925 |
details, prediction |
Dent
DENT
|
0.8196971 |
details, prediction |
Bancor
BNT
|
0.74563706 |
details, prediction |
Gas
GAS
|
0.7370481 |
details, prediction |
Wanchain
WAN
|
0.7148321 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Horizen 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 Horizen
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.022185972 |
details, prediction |
Stellar
XLM
|
0.02982699 |
details, prediction |
KuCoin Shares
KCS
|
0.14131382 |
details, prediction |
Bitcoin Cash
BCH
|
0.4823519 |
details, prediction |
Ethereum Classic
ETC
|
0.6474153 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7082946 |
details, prediction |
aelf
ELF
|
-0.6931485 |
details, prediction |
True USD
TUSD
|
-0.6744172 |
details, prediction |
Ravencoin
RVN
|
-0.60980594 |
details, prediction |
Telcoin
TEL
|
-0.30093876 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.78251755 |
details, prediction |
ICON
ICX
|
-0.73169273 |
details, prediction |
Storj
STORJ
|
-0.5997924 |
details, prediction |
OPEN Platform
OPEN
|
-0.552588 |
details, prediction |
NKN
NKN
|
-0.46606925 |
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)