Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.5771568 |
details, prediction |
Dogecoin
DOGE
|
0.56478703 |
details, prediction |
ZCash
ZEC
|
0.54080504 |
details, prediction |
XRP
XRP
|
0.50573564 |
details, prediction |
Binance Coin
BNB
|
0.43317997 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.8421176 |
details, prediction |
Tezos
XTZ
|
0.76631266 |
details, prediction |
0x
ZRX
|
0.75163317 |
details, prediction |
NEO
NEO
|
0.7269738 |
details, prediction |
Verge
XVG
|
0.71356034 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9546268 |
details, prediction |
Steem
STEEM
|
0.95135313 |
details, prediction |
PIVX
PIVX
|
0.9229826 |
details, prediction |
Power Ledger
POWR
|
0.9207697 |
details, prediction |
Kyber Network
KNC
|
0.91057646 |
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
|
-0.21398918 |
details, prediction |
Cardano
ADA
|
0.14744033 |
details, prediction |
Bitcoin Cash
BCH
|
0.15449825 |
details, prediction |
KuCoin Shares
KCS
|
0.25231677 |
details, prediction |
ChainLink
LINK
|
0.27959406 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.48098692 |
details, prediction |
USD//Coin
USDC
|
-0.2896437 |
details, prediction |
True USD
TUSD
|
-0.24042958 |
details, prediction |
Ravencoin
RVN
|
-0.16896558 |
details, prediction |
DigiByte
DGB
|
-0.14405456 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.64926326 |
details, prediction |
V Systems
VSYS
|
-0.4165216 |
details, prediction |
HEROcoin
PLAY
|
-0.39554673 |
details, prediction |
SysCoin
SYS
|
-0.37186933 |
details, prediction |
Matrix AI Network
MAN
|
-0.34223604 |
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)