Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9496957 |
details, prediction |
Cardano
ADA
|
0.9491755 |
details, prediction |
Bitcoin
BTC
|
0.94573414 |
details, prediction |
Dogecoin
DOGE
|
0.9325154 |
details, prediction |
Crypto.com Chain
CRO
|
0.92940325 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.9615453 |
details, prediction |
Zilliqa
ZIL
|
0.95994544 |
details, prediction |
Vechain
VET
|
0.9552232 |
details, prediction |
Ravencoin
RVN
|
0.95131445 |
details, prediction |
iEx.ec
RLC
|
0.9495745 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.96459836 |
details, prediction |
Kyber Network
KNC
|
0.95697355 |
details, prediction |
Lisk
LSK
|
0.9527298 |
details, prediction |
ARK
ARK
|
0.95260674 |
details, prediction |
Civic
CVC
|
0.9500747 |
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
|
Stellar
XLM
|
-0.58503664 |
details, prediction |
ZCash
ZEC
|
0.106229834 |
details, prediction |
TRON
TRX
|
0.10773267 |
details, prediction |
Binance Coin
BNB
|
0.74209297 |
details, prediction |
Monero
XMR
|
0.8618791 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.91761184 |
details, prediction |
Dai
DAI
|
-0.8198646 |
details, prediction |
True USD
TUSD
|
-0.6339375 |
details, prediction |
Telcoin
TEL
|
0.2466844 |
details, prediction |
OriginTrail
TRAC
|
0.30267233 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.11013715 |
details, prediction |
Propy
PRO
|
-0.086262405 |
details, prediction |
V Systems
VSYS
|
-0.030593112 |
details, prediction |
Phantasma
SOUL
|
0.13435964 |
details, prediction |
Komodo
KMD
|
0.29270318 |
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)