Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.80942756 |
details, prediction |
Ethereum
ETH
|
0.5861977 |
details, prediction |
ChainLink
LINK
|
0.5844023 |
details, prediction |
ZCash
ZEC
|
0.555589 |
details, prediction |
Bitcoin
BTC
|
0.54335564 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.6088189 |
details, prediction |
Algorand
ALGO
|
0.5529396 |
details, prediction |
HoloToken
HOT
|
0.39144292 |
details, prediction |
Nexo
NEXO
|
0.36558425 |
details, prediction |
DASH
DASH
|
0.3626424 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.47394946 |
details, prediction |
Ontology
ONT
|
0.4501265 |
details, prediction |
Metal
MTL
|
0.36322528 |
details, prediction |
Enjin Coin
ENJ
|
0.25821078 |
details, prediction |
Hydro Protocol
HOT
|
0.22941008 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that V Systems 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 V Systems
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.84348834 |
details, prediction |
Crypto.com Chain
CRO
|
-0.55453503 |
details, prediction |
KuCoin Shares
KCS
|
-0.36651006 |
details, prediction |
Cardano
ADA
|
-0.36415783 |
details, prediction |
XRP
XRP
|
-0.17207134 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.8529555 |
details, prediction |
Siacoin
SC
|
-0.8298345 |
details, prediction |
Theta Fuel
TFUEL
|
-0.81286603 |
details, prediction |
Ardor
ARDR
|
-0.80367976 |
details, prediction |
Zilliqa
ZIL
|
-0.6970367 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.981662 |
details, prediction |
Stox
STX
|
-0.8171447 |
details, prediction |
Komodo
KMD
|
-0.8159459 |
details, prediction |
SysCoin
SYS
|
-0.796822 |
details, prediction |
Chronobank
TIME
|
-0.74266297 |
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)