Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.91959864 |
details, prediction |
Ethereum Classic
ETC
|
0.8240867 |
details, prediction |
Bitcoin Cash
BCH
|
0.79769474 |
details, prediction |
ZCash
ZEC
|
0.7922587 |
details, prediction |
ChainLink
LINK
|
0.787239 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.920624 |
details, prediction |
0x
ZRX
|
0.8757332 |
details, prediction |
Decentraland
MANA
|
0.8718464 |
details, prediction |
IOTA
IOT
|
0.87143886 |
details, prediction |
NEO
NEO
|
0.8670259 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.9141979 |
details, prediction |
Electroneum
ETN
|
0.89285904 |
details, prediction |
PIVX
PIVX
|
0.88960606 |
details, prediction |
Power Ledger
POWR
|
0.8872061 |
details, prediction |
Civic
CVC
|
0.87149423 |
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
|
0.056409918 |
details, prediction |
KuCoin Shares
KCS
|
0.5710398 |
details, prediction |
Monero
XMR
|
0.6822225 |
details, prediction |
XRP
XRP
|
0.69037193 |
details, prediction |
Ethereum
ETH
|
0.69894207 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6273171 |
details, prediction |
USD//Coin
USDC
|
-0.31281322 |
details, prediction |
True USD
TUSD
|
-0.2837671 |
details, prediction |
aelf
ELF
|
0.21213014 |
details, prediction |
Telcoin
TEL
|
0.21233736 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.5994218 |
details, prediction |
ICON
ICX
|
-0.5493077 |
details, prediction |
OPEN Platform
OPEN
|
-0.5462155 |
details, prediction |
Storj
STORJ
|
-0.46213877 |
details, prediction |
Propy
PRO
|
-0.44499022 |
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)