Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.8923606 |
details, prediction |
NEO
NEO
|
0.8828535 |
details, prediction |
Ethereum Classic
ETC
|
0.8816052 |
details, prediction |
Binance Coin
BNB
|
0.8801606 |
details, prediction |
Litecoin
LTC
|
0.86860824 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.8953404 |
details, prediction |
Verge
XVG
|
0.8931464 |
details, prediction |
SwissBorg
CHSB
|
0.89223003 |
details, prediction |
Siacoin
SC
|
0.8893307 |
details, prediction |
Nano
NANO
|
0.88816684 |
details, prediction |
Third tier
|
SIX
SIX
|
0.91530395 |
details, prediction |
Pluton
PLU
|
0.8979563 |
details, prediction |
ReddCoin
RDD
|
0.8950464 |
details, prediction |
Genaro Network
GNX
|
0.89427745 |
details, prediction |
VIBEHub
VIBE
|
0.8941898 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Verify 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 Verify
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.023187285 |
details, prediction |
ChainLink
LINK
|
0.45732528 |
details, prediction |
TRON
TRX
|
0.6498908 |
details, prediction |
XRP
XRP
|
0.7200755 |
details, prediction |
Stellar
XLM
|
0.77488077 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.2947588 |
details, prediction |
Paxos Standard
PAX
|
-0.23994933 |
details, prediction |
Waves
WAVES
|
-0.21577436 |
details, prediction |
True USD
TUSD
|
-0.097538255 |
details, prediction |
Quant Network
QNT
|
0.32073477 |
details, prediction |
Third tier
|
CWV Chain
CWV
|
-0.7700067 |
details, prediction |
Factom
FCT
|
-0.69823337 |
details, prediction |
Chainium
CHX
|
-0.62676674 |
details, prediction |
ODEM
ODEM
|
-0.5261876 |
details, prediction |
Tycoon Global
TCT
|
-0.5261813 |
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)