Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9326014 |
details, prediction |
ZCash
ZEC
|
0.9283583 |
details, prediction |
Cardano
ADA
|
0.91109544 |
details, prediction |
Monero
XMR
|
0.8946713 |
details, prediction |
KuCoin Shares
KCS
|
0.88313776 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9609956 |
details, prediction |
Status
SNT
|
0.9587327 |
details, prediction |
QTUM
QTUM
|
0.95787674 |
details, prediction |
Theta Fuel
TFUEL
|
0.9503693 |
details, prediction |
Synthetix Network Token
SNX
|
0.94989866 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9766504 |
details, prediction |
Civic
CVC
|
0.96890444 |
details, prediction |
PIVX
PIVX
|
0.9643242 |
details, prediction |
Internet of Services
IOST
|
0.9603329 |
details, prediction |
Metal
MTL
|
0.95395476 |
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
|
-0.5196555 |
details, prediction |
UNUS SED LEO
LEO
|
0.27604222 |
details, prediction |
Binance Coin
BNB
|
0.5935559 |
details, prediction |
Dogecoin
DOGE
|
0.7013717 |
details, prediction |
ChainLink
LINK
|
0.7825151 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.46131465 |
details, prediction |
Dai
DAI
|
-0.27653357 |
details, prediction |
Verge
XVG
|
0.30857086 |
details, prediction |
True USD
TUSD
|
0.34267974 |
details, prediction |
Nexo
NEXO
|
0.4175321 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.20626256 |
details, prediction |
Propy
PRO
|
0.025716718 |
details, prediction |
BABB
BAX
|
0.0724545 |
details, prediction |
HEROcoin
PLAY
|
0.268444 |
details, prediction |
OPEN Platform
OPEN
|
0.28660086 |
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)