Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.51712644 |
details, prediction |
ChainLink
LINK
|
0.5031219 |
details, prediction |
Bitcoin
BTC
|
0.49493006 |
details, prediction |
Monero
XMR
|
0.4771118 |
details, prediction |
Cardano
ADA
|
0.44501242 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.74544036 |
details, prediction |
Bitcoin SV
BSV
|
0.44474688 |
details, prediction |
Decred
DCR
|
0.4381571 |
details, prediction |
HoloToken
HOT
|
0.41296473 |
details, prediction |
Nexo
NEXO
|
0.40775213 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.556551 |
details, prediction |
AdEx
ADX
|
0.5234779 |
details, prediction |
Bancor
BNT
|
0.48992756 |
details, prediction |
Hydro Protocol
HOT
|
0.46357453 |
details, prediction |
HEROcoin
PLAY
|
0.37760845 |
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
|
Stellar
XLM
|
0.0068674735 |
details, prediction |
KuCoin Shares
KCS
|
0.10177676 |
details, prediction |
Ethereum Classic
ETC
|
0.22949569 |
details, prediction |
ZCash
ZEC
|
0.30527294 |
details, prediction |
Dogecoin
DOGE
|
0.31658757 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.53016466 |
details, prediction |
Telcoin
TEL
|
-0.52970535 |
details, prediction |
Waves
WAVES
|
-0.31805336 |
details, prediction |
Ravencoin
RVN
|
-0.30360457 |
details, prediction |
Basic Attention Token
BAT
|
-0.27559122 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
-0.47947618 |
details, prediction |
BABB
BAX
|
-0.47548783 |
details, prediction |
Storj
STORJ
|
-0.4519843 |
details, prediction |
ICON
ICX
|
-0.4280803 |
details, prediction |
Matrix AI Network
MAN
|
-0.38234702 |
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)