Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.8345478 |
details, prediction |
ZCash
ZEC
|
0.8316735 |
details, prediction |
Ethereum Classic
ETC
|
0.8262152 |
details, prediction |
Stellar
XLM
|
0.82382566 |
details, prediction |
Cardano
ADA
|
0.80801237 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.90224856 |
details, prediction |
Theta Fuel
TFUEL
|
0.89967674 |
details, prediction |
QTUM
QTUM
|
0.8980543 |
details, prediction |
Request Network
REQ
|
0.8944474 |
details, prediction |
Horizen
ZEN
|
0.891299 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.9547064 |
details, prediction |
Civic
CVC
|
0.94856703 |
details, prediction |
Steem
STEEM
|
0.94664824 |
details, prediction |
Streamr DATAcoin
DATA
|
0.91539145 |
details, prediction |
PIVX
PIVX
|
0.9067465 |
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
|
-0.40283403 |
details, prediction |
Binance Coin
BNB
|
-0.15974288 |
details, prediction |
Dogecoin
DOGE
|
0.21914731 |
details, prediction |
XRP
XRP
|
0.5207281 |
details, prediction |
KuCoin Shares
KCS
|
0.58310324 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.42105305 |
details, prediction |
True USD
TUSD
|
-0.14732422 |
details, prediction |
Zilliqa
ZIL
|
-0.14158759 |
details, prediction |
Verge
XVG
|
0.25118712 |
details, prediction |
Decred
DCR
|
0.4020742 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.68347424 |
details, prediction |
HEROcoin
PLAY
|
-0.5676934 |
details, prediction |
Dero
DERO
|
-0.09487296 |
details, prediction |
BOScoin
BOS
|
0.25179046 |
details, prediction |
Stox
STX
|
0.46153033 |
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)