Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.8080973 |
details, prediction |
ZCash
ZEC
|
0.7958617 |
details, prediction |
Ethereum
ETH
|
0.7004156 |
details, prediction |
Monero
XMR
|
0.64959407 |
details, prediction |
TRON
TRX
|
0.62716234 |
details, prediction |
|
Second tier
|
AMO Coin
AMO
|
0.7774782 |
details, prediction |
NEO
NEO
|
0.71851116 |
details, prediction |
Cortex
CTXC
|
0.71145195 |
details, prediction |
Ardor
ARDR
|
0.69176614 |
details, prediction |
QTUM
QTUM
|
0.6908139 |
details, prediction |
|
Third tier
|
Agoras Token
AGRS
|
0.8471902 |
details, prediction |
VestChain
VEST
|
0.8284675 |
details, prediction |
Yoyow
YOYOW
|
0.77116466 |
details, prediction |
BOScoin
BOS
|
0.77008253 |
details, prediction |
Elastos
ELA
|
0.7509053 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Veros 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 Veros
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.16381465 |
details, prediction |
SONM
SNM
|
0.2070584 |
details, prediction |
Stellar
XLM
|
0.30793503 |
details, prediction |
Fantom
FTM
|
0.3281067 |
details, prediction |
ChainLink
LINK
|
0.35361168 |
details, prediction |
|
Second tier
|
Aragon
ANT
|
-0.4818669 |
details, prediction |
Telcoin
TEL
|
-0.35960293 |
details, prediction |
FirstBlood
1ST
|
-0.3400266 |
details, prediction |
Tezos
XTZ
|
-0.20663837 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.185408 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.85419124 |
details, prediction |
BipCoin
BIP
|
-0.7185964 |
details, prediction |
SALT
SALT
|
-0.5744263 |
details, prediction |
TerraCoin
TRC
|
-0.5380323 |
details, prediction |
The Hempcoin
THC
|
-0.5133499 |
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)