Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.96912915 |
details, prediction |
Litecoin
LTC
|
0.96827143 |
details, prediction |
Bitcoin Cash
BCH
|
0.9668737 |
details, prediction |
Cardano
ADA
|
0.96184486 |
details, prediction |
Bitcoin
BTC
|
0.94751334 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.99214184 |
details, prediction |
Vechain
VET
|
0.9883238 |
details, prediction |
Zilliqa
ZIL
|
0.9861231 |
details, prediction |
Tezos
XTZ
|
0.9824279 |
details, prediction |
Waves
WAVES
|
0.9806876 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9917332 |
details, prediction |
ARK
ARK
|
0.9910175 |
details, prediction |
Civic
CVC
|
0.9858201 |
details, prediction |
Gas
GAS
|
0.9832867 |
details, prediction |
Steem
STEEM
|
0.9826165 |
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
|
Stellar
XLM
|
-0.60076976 |
details, prediction |
ZCash
ZEC
|
-0.11464397 |
details, prediction |
TRON
TRX
|
-0.06089161 |
details, prediction |
Binance Coin
BNB
|
0.6748841 |
details, prediction |
Monero
XMR
|
0.78437877 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.93555444 |
details, prediction |
Dai
DAI
|
-0.88812494 |
details, prediction |
True USD
TUSD
|
-0.5323159 |
details, prediction |
Telcoin
TEL
|
-0.1465443 |
details, prediction |
OriginTrail
TRAC
|
0.10448727 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.61957306 |
details, prediction |
V Systems
VSYS
|
-0.14648071 |
details, prediction |
Matrix AI Network
MAN
|
-0.14557156 |
details, prediction |
Propy
PRO
|
-0.056572404 |
details, prediction |
Phantasma
SOUL
|
0.30333236 |
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)