Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.41537732 |
details, prediction |
XRP
XRP
|
0.14912787 |
details, prediction |
Stellar
XLM
|
-0.08196185 |
details, prediction |
KuCoin Shares
KCS
|
-0.11983995 |
details, prediction |
TRON
TRX
|
-0.14005862 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
0.7369521 |
details, prediction |
Waves
WAVES
|
0.6603504 |
details, prediction |
Quant Network
QNT
|
0.61802834 |
details, prediction |
BitTorrent
BTT
|
0.58605754 |
details, prediction |
Bitcoin SV
BSV
|
0.56757236 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.94684154 |
details, prediction |
Linkey
LKY
|
0.80165946 |
details, prediction |
Golos
GOLOS
|
0.79342353 |
details, prediction |
Credit Tag Chain
CTC
|
0.7272207 |
details, prediction |
Bulwark
BWK
|
0.72332567 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Verium 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 Verium
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.7615992 |
details, prediction |
Bitcoin Cash
BCH
|
-0.67517364 |
details, prediction |
Monero
XMR
|
-0.61466247 |
details, prediction |
Ethereum Classic
ETC
|
-0.5983657 |
details, prediction |
Binance Coin
BNB
|
-0.56414014 |
details, prediction |
|
Second tier
|
MonaCoin
MONA
|
-0.7686977 |
details, prediction |
Digix DAO
DGD
|
-0.76222414 |
details, prediction |
FirstBlood
1ST
|
-0.7556186 |
details, prediction |
Nano
NANO
|
-0.6781057 |
details, prediction |
Tezos
XTZ
|
-0.671648 |
details, prediction |
|
Third tier
|
Spectre
XSPEC
|
-0.8799841 |
details, prediction |
Insights Network
INSTAR
|
-0.8798206 |
details, prediction |
Eternal token
XET
|
-0.8484874 |
details, prediction |
VestChain
VEST
|
-0.8379546 |
details, prediction |
NovaCoin
NVC
|
-0.806197 |
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)