Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.8328787 |
details, prediction |
NEO
NEO
|
0.53081346 |
details, prediction |
Huobi Token
HT
|
0.42749092 |
details, prediction |
Tezos
XTZ
|
0.24886006 |
details, prediction |
Bitcoin SV
BSV
|
0.036307745 |
details, prediction |
Second tier
|
Ontology
ONT
|
0.69007826 |
details, prediction |
KuCoin Shares
KCS
|
0.6330924 |
details, prediction |
HedgeTrade
HEDG
|
0.56947535 |
details, prediction |
OmiseGo
OMG
|
0.51071423 |
details, prediction |
GlitzKoin
GTN
|
0.44533157 |
details, prediction |
Third tier
|
Hydro Protocol
HOT
|
0.84456646 |
details, prediction |
OneRoot Network
RNT
|
0.8418211 |
details, prediction |
Genaro Network
GNX
|
0.8332809 |
details, prediction |
Fantom
FTM
|
0.8271383 |
details, prediction |
Fusion
FSN
|
0.8224602 |
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
BTC
|
-0.76748526 |
details, prediction |
Ethereum
ETH
|
-0.7075982 |
details, prediction |
Litecoin
LTC
|
-0.6949949 |
details, prediction |
Bitcoin Cash
BCH
|
-0.6708319 |
details, prediction |
Monero
XMR
|
-0.5877047 |
details, prediction |
Second tier
|
RSK Infrastructure Framework
RIF
|
-0.7890388 |
details, prediction |
Gnosis
GNO
|
-0.7675709 |
details, prediction |
Digix DAO
DGD
|
-0.7452003 |
details, prediction |
UNUS SED LEO
LEO
|
-0.6754866 |
details, prediction |
FTX Token
FTT
|
-0.6730914 |
details, prediction |
Third tier
|
SunContract
SNC
|
-0.7939046 |
details, prediction |
CPChain
CPC
|
-0.79308885 |
details, prediction |
VeriCoin
VRC
|
-0.77947646 |
details, prediction |
Nimiq
NET
|
-0.76540166 |
details, prediction |
Kin
KIN
|
-0.7560039 |
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)