Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.96353406 |
details, prediction |
Cardano
ADA
|
0.94150925 |
details, prediction |
XRP
XRP
|
0.9226134 |
details, prediction |
Ethereum
ETH
|
0.91879207 |
details, prediction |
Bitcoin Cash
BCH
|
0.9184301 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.97214776 |
details, prediction |
Zilliqa
ZIL
|
0.9660015 |
details, prediction |
Vechain
VET
|
0.9638332 |
details, prediction |
Status
SNT
|
0.9566893 |
details, prediction |
HoloToken
HOT
|
0.956483 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
0.9757477 |
details, prediction |
Lisk
LSK
|
0.97333896 |
details, prediction |
Civic
CVC
|
0.96203357 |
details, prediction |
Internet of Services
IOST
|
0.9597755 |
details, prediction |
Hydro Protocol
HOT
|
0.9546184 |
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
|
UNUS SED LEO
LEO
|
-0.98159415 |
details, prediction |
Stellar
XLM
|
-0.522234 |
details, prediction |
TRON
TRX
|
-0.33646807 |
details, prediction |
ZCash
ZEC
|
-0.19748299 |
details, prediction |
Binance Coin
BNB
|
0.28853574 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.68831885 |
details, prediction |
USD//Coin
USDC
|
-0.6485589 |
details, prediction |
OriginTrail
TRAC
|
-0.5445585 |
details, prediction |
Telcoin
TEL
|
-0.3296334 |
details, prediction |
True USD
TUSD
|
-0.255924 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.16411912 |
details, prediction |
FunFair
FUN
|
-0.07445872 |
details, prediction |
HEROcoin
PLAY
|
-0.011026861 |
details, prediction |
OPEN Platform
OPEN
|
8.7429944E-4 |
details, prediction |
NKN
NKN
|
0.23740505 |
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)