Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.5799878 |
details, prediction |
KuCoin Shares
KCS
|
0.35643998 |
details, prediction |
Ethereum Classic
ETC
|
0.040390324 |
details, prediction |
Dogecoin
DOGE
|
-0.029271565 |
details, prediction |
Bitcoin Cash
BCH
|
-0.13352711 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.82291764 |
details, prediction |
Synthetix Network Token
SNX
|
0.7989215 |
details, prediction |
Telcoin
TEL
|
0.7979396 |
details, prediction |
True USD
TUSD
|
0.74152434 |
details, prediction |
USD//Coin
USDC
|
0.73727214 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.90465283 |
details, prediction |
ICON
ICX
|
0.90235335 |
details, prediction |
Storj
STORJ
|
0.8569476 |
details, prediction |
SwftCoin
SWFTC
|
0.8353292 |
details, prediction |
Matrix AI Network
MAN
|
0.7997264 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ravencoin 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 Ravencoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.8268204 |
details, prediction |
ZCash
ZEC
|
-0.7598343 |
details, prediction |
Ethereum
ETH
|
-0.732788 |
details, prediction |
ChainLink
LINK
|
-0.72338533 |
details, prediction |
Binance Coin
BNB
|
-0.6939158 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.73661786 |
details, prediction |
Bitcoin SV
BSV
|
-0.72771597 |
details, prediction |
DigiByte
DGB
|
-0.7074212 |
details, prediction |
Vechain
VET
|
-0.6454611 |
details, prediction |
Horizen
ZEN
|
-0.60980594 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5773272 |
details, prediction |
Lisk
LSK
|
-0.5560436 |
details, prediction |
V Systems
VSYS
|
-0.480801 |
details, prediction |
Bancor
BNT
|
-0.44126496 |
details, prediction |
Stox
STX
|
-0.38325608 |
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)