Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.82950205 |
details, prediction |
Cardano
ADA
|
0.79187745 |
details, prediction |
Crypto.com Chain
CRO
|
0.7397004 |
details, prediction |
XRP
XRP
|
0.5940781 |
details, prediction |
KuCoin Shares
KCS
|
0.45001966 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9312597 |
details, prediction |
Zilliqa
ZIL
|
0.8917675 |
details, prediction |
Decentraland
MANA
|
0.89106077 |
details, prediction |
Tezos
XTZ
|
0.8661189 |
details, prediction |
Theta Fuel
TFUEL
|
0.86012024 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.94015265 |
details, prediction |
QuarkChain
QKC
|
0.92862856 |
details, prediction |
Lisk
LSK
|
0.90762424 |
details, prediction |
Internet of Services
IOST
|
0.8979926 |
details, prediction |
Civic
CVC
|
0.8932033 |
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
|
-0.9716124 |
details, prediction |
TRON
TRX
|
-0.74082524 |
details, prediction |
ZCash
ZEC
|
-0.30682555 |
details, prediction |
Stellar
XLM
|
-0.10952001 |
details, prediction |
Monero
XMR
|
-0.104047745 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.5673467 |
details, prediction |
Dai
DAI
|
-0.43878454 |
details, prediction |
USD//Coin
USDC
|
-0.4360297 |
details, prediction |
Telcoin
TEL
|
-0.42289242 |
details, prediction |
True USD
TUSD
|
-0.18273236 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5747987 |
details, prediction |
Constellation
DAG
|
-0.4707828 |
details, prediction |
NKN
NKN
|
-0.28317943 |
details, prediction |
Ontology
ONT
|
-0.25961494 |
details, prediction |
HEROcoin
PLAY
|
-0.14649421 |
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)