Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.959675 |
details, prediction |
TRON
TRX
|
0.8364131 |
details, prediction |
ChainLink
LINK
|
0.64726484 |
details, prediction |
ZCash
ZEC
|
0.6177106 |
details, prediction |
Bitcoin
BTC
|
0.5872456 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.5576877 |
details, prediction |
Bitcoin SV
BSV
|
0.5115964 |
details, prediction |
DASH
DASH
|
0.45250994 |
details, prediction |
NEO
NEO
|
0.2591601 |
details, prediction |
Telcoin
TEL
|
0.23172897 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.34291354 |
details, prediction |
Metal
MTL
|
0.33255905 |
details, prediction |
Storj
STORJ
|
0.25663003 |
details, prediction |
Bancor
BNT
|
0.2566276 |
details, prediction |
Enjin Coin
ENJ
|
0.24558146 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that V Systems 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 V Systems
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.8323663 |
details, prediction |
Crypto.com Chain
CRO
|
-0.48973444 |
details, prediction |
Cardano
ADA
|
-0.35697964 |
details, prediction |
KuCoin Shares
KCS
|
-0.32889187 |
details, prediction |
XRP
XRP
|
-0.18415621 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.85490394 |
details, prediction |
Siacoin
SC
|
-0.8266484 |
details, prediction |
Theta Fuel
TFUEL
|
-0.8157864 |
details, prediction |
Ardor
ARDR
|
-0.8034465 |
details, prediction |
Zilliqa
ZIL
|
-0.6911222 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.98047215 |
details, prediction |
LAToken
LA
|
-0.8602406 |
details, prediction |
Komodo
KMD
|
-0.8020789 |
details, prediction |
PIVX
PIVX
|
-0.76175106 |
details, prediction |
SysCoin
SYS
|
-0.75054246 |
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)