Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.92031777 |
details, prediction |
ChainLink
LINK
|
0.90124255 |
details, prediction |
Stellar
XLM
|
0.8938823 |
details, prediction |
Cardano
ADA
|
0.89214534 |
details, prediction |
Crypto.com Chain
CRO
|
0.88907534 |
details, prediction |
|
Second tier
|
Power Ledger
POWR
|
0.978562 |
details, prediction |
Horizen
ZEN
|
0.9743867 |
details, prediction |
Decentraland
MANA
|
0.97421753 |
details, prediction |
DASH
DASH
|
0.97216725 |
details, prediction |
Status
SNT
|
0.96907467 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.9784392 |
details, prediction |
PIVX
PIVX
|
0.9741641 |
details, prediction |
Civic
CVC
|
0.9732785 |
details, prediction |
SwftCoin
SWFTC
|
0.9719681 |
details, prediction |
ICON
ICX
|
0.9713056 |
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
|
TRON
TRX
|
-0.52601594 |
details, prediction |
Binance Coin
BNB
|
-0.4357614 |
details, prediction |
Dogecoin
DOGE
|
0.10408827 |
details, prediction |
XRP
XRP
|
0.33002043 |
details, prediction |
KuCoin Shares
KCS
|
0.6553083 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6144509 |
details, prediction |
True USD
TUSD
|
-0.3119755 |
details, prediction |
Zilliqa
ZIL
|
0.09239059 |
details, prediction |
Verge
XVG
|
0.19123363 |
details, prediction |
Ardor
ARDR
|
0.34329128 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.82694614 |
details, prediction |
Constellation
DAG
|
-0.63703823 |
details, prediction |
Dero
DERO
|
-0.29146987 |
details, prediction |
BOScoin
BOS
|
0.08139289 |
details, prediction |
Elastos
ELA
|
0.32283118 |
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)