Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.92008317 |
details, prediction |
Ethereum Classic
ETC
|
0.91838014 |
details, prediction |
Monero
XMR
|
0.90175486 |
details, prediction |
Stellar
XLM
|
0.9015381 |
details, prediction |
Cardano
ADA
|
0.89084625 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.94609267 |
details, prediction |
DASH
DASH
|
0.943468 |
details, prediction |
Theta Fuel
TFUEL
|
0.9425393 |
details, prediction |
QTUM
QTUM
|
0.9403898 |
details, prediction |
Horizen
ZEN
|
0.93894696 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9766504 |
details, prediction |
NKN
NKN
|
0.9720714 |
details, prediction |
Civic
CVC
|
0.96732134 |
details, prediction |
PIVX
PIVX
|
0.953251 |
details, prediction |
Lisk
LSK
|
0.9461014 |
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
|
-0.37664786 |
details, prediction |
UNUS SED LEO
LEO
|
0.45577312 |
details, prediction |
Binance Coin
BNB
|
0.5445389 |
details, prediction |
Dogecoin
DOGE
|
0.6194724 |
details, prediction |
Bitcoin Cash
BCH
|
0.71654487 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.35808912 |
details, prediction |
Decred
DCR
|
-0.19038546 |
details, prediction |
Zilliqa
ZIL
|
0.11509144 |
details, prediction |
True USD
TUSD
|
0.21661358 |
details, prediction |
Verge
XVG
|
0.25159436 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.20951666 |
details, prediction |
Constellation
DAG
|
-0.13940094 |
details, prediction |
HEROcoin
PLAY
|
-0.08199127 |
details, prediction |
Dero
DERO
|
0.10631722 |
details, prediction |
Dent
DENT
|
0.334214 |
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)