Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.92102706 |
details, prediction |
Litecoin
LTC
|
0.90898865 |
details, prediction |
Cardano
ADA
|
0.88881314 |
details, prediction |
Bitcoin Cash
BCH
|
0.8756855 |
details, prediction |
KuCoin Shares
KCS
|
0.8749793 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9265636 |
details, prediction |
Status
SNT
|
0.92587 |
details, prediction |
QTUM
QTUM
|
0.92023295 |
details, prediction |
Decentraland
MANA
|
0.9158585 |
details, prediction |
Zilliqa
ZIL
|
0.9148399 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9227984 |
details, prediction |
Gas
GAS
|
0.91903657 |
details, prediction |
Power Ledger
POWR
|
0.9134786 |
details, prediction |
ARK
ARK
|
0.9134128 |
details, prediction |
LAToken
LA
|
0.91144496 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin SV 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 Bitcoin SV
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.61674786 |
details, prediction |
ZCash
ZEC
|
-0.037666414 |
details, prediction |
TRON
TRX
|
-0.025486318 |
details, prediction |
Binance Coin
BNB
|
0.45503372 |
details, prediction |
Monero
XMR
|
0.60749775 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7714456 |
details, prediction |
Dai
DAI
|
-0.75419253 |
details, prediction |
True USD
TUSD
|
-0.38646734 |
details, prediction |
Telcoin
TEL
|
-0.35940644 |
details, prediction |
OriginTrail
TRAC
|
-0.2965004 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.41724396 |
details, prediction |
Chronobank
TIME
|
0.019194387 |
details, prediction |
Komodo
KMD
|
0.026737835 |
details, prediction |
V Systems
VSYS
|
0.03481858 |
details, prediction |
OPEN Platform
OPEN
|
0.107716784 |
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)