Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.78221154 |
details, prediction |
Crypto.com Chain
CRO
|
0.74065375 |
details, prediction |
Bitcoin Cash
BCH
|
0.72287357 |
details, prediction |
Ethereum Classic
ETC
|
0.5432868 |
details, prediction |
XRP
XRP
|
0.5000674 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9507939 |
details, prediction |
Decentraland
MANA
|
0.9258418 |
details, prediction |
Vechain
VET
|
0.8974583 |
details, prediction |
Basic Attention Token
BAT
|
0.8970394 |
details, prediction |
Theta Fuel
TFUEL
|
0.8504557 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9479355 |
details, prediction |
Internet of Services
IOST
|
0.89688754 |
details, prediction |
QuarkChain
QKC
|
0.8803523 |
details, prediction |
Civic
CVC
|
0.879687 |
details, prediction |
Stox
STX
|
0.8754136 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ARK 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 ARK
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6130579 |
details, prediction |
Ethereum
ETH
|
-0.24935786 |
details, prediction |
Stellar
XLM
|
-0.22244856 |
details, prediction |
Bitcoin
BTC
|
0.013042895 |
details, prediction |
ZCash
ZEC
|
0.1524365 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.2974604 |
details, prediction |
Dai
DAI
|
-0.23676017 |
details, prediction |
True USD
TUSD
|
-0.20676686 |
details, prediction |
Bitcoin SV
BSV
|
-0.08633161 |
details, prediction |
Algorand
ALGO
|
-0.072438575 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.6461158 |
details, prediction |
NKN
NKN
|
-0.60384333 |
details, prediction |
V Systems
VSYS
|
-0.5627946 |
details, prediction |
Phantasma
SOUL
|
-0.40947133 |
details, prediction |
Steem
STEEM
|
-0.37217337 |
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)