Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.85250956 |
details, prediction |
Bitcoin Cash
BCH
|
0.82614845 |
details, prediction |
Stellar
XLM
|
0.8178224 |
details, prediction |
EOS
EOS
|
0.81422323 |
details, prediction |
Vechain
VET
|
0.8110119 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.9589214 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.8786462 |
details, prediction |
Bancor
BNT
|
0.865714 |
details, prediction |
OriginTrail
TRAC
|
0.86115426 |
details, prediction |
Ocean Protocol
OCEAN
|
0.85573447 |
details, prediction |
Third tier
|
Dreamscape
DSC
|
0.93724203 |
details, prediction |
aXpire
AXPR
|
0.9162215 |
details, prediction |
AirSwap
AST
|
0.91478366 |
details, prediction |
BlockNet
BLOCK
|
0.9134889 |
details, prediction |
VertCoin
VTC
|
0.9115491 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that VeriCoin 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 VeriCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.7657696 |
details, prediction |
FTX Token
FTT
|
-0.13074721 |
details, prediction |
Dogecoin
DOGE
|
-0.12572168 |
details, prediction |
Cosmos
ATOM
|
0.21171856 |
details, prediction |
XRP
XRP
|
0.44498688 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.72314936 |
details, prediction |
Propy
PRO
|
0.10139168 |
details, prediction |
Power Ledger
POWR
|
0.14510652 |
details, prediction |
Waves
WAVES
|
0.19768834 |
details, prediction |
Paxos Standard
PAX
|
0.2484752 |
details, prediction |
Third tier
|
SmartMesh
SMT
|
-0.8249698 |
details, prediction |
SwftCoin
SWFTC
|
-0.67682457 |
details, prediction |
CREDITS
CS
|
-0.6559687 |
details, prediction |
Time New Bank
TNB
|
-0.56130916 |
details, prediction |
Quantstamp
QSP
|
-0.5156023 |
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)