Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.67837906 |
details, prediction |
Monero
XMR
|
0.64697134 |
details, prediction |
ChainLink
LINK
|
0.63128734 |
details, prediction |
ZCash
ZEC
|
0.55217844 |
details, prediction |
Litecoin
LTC
|
0.5177552 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.8112104 |
details, prediction |
Bitcoin SV
BSV
|
0.67024183 |
details, prediction |
Decred
DCR
|
0.6538203 |
details, prediction |
HoloToken
HOT
|
0.54763776 |
details, prediction |
Bitcoin Gold
BTG
|
0.35866162 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.68497705 |
details, prediction |
SysCoin
SYS
|
0.6253076 |
details, prediction |
Hydro Protocol
HOT
|
0.6029109 |
details, prediction |
NKN
NKN
|
0.47491488 |
details, prediction |
Propy
PRO
|
0.36719432 |
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
|
Stellar
XLM
|
-0.49069345 |
details, prediction |
Dogecoin
DOGE
|
-0.30468547 |
details, prediction |
Ethereum Classic
ETC
|
-0.21737118 |
details, prediction |
KuCoin Shares
KCS
|
-0.1628285 |
details, prediction |
Bitcoin Cash
BCH
|
0.1367685 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.77580035 |
details, prediction |
FTX Token
FTT
|
-0.71714073 |
details, prediction |
Cosmos
ATOM
|
-0.69461703 |
details, prediction |
Zilliqa
ZIL
|
-0.66557246 |
details, prediction |
Waves
WAVES
|
-0.65136844 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.7512529 |
details, prediction |
ICON
ICX
|
-0.7436945 |
details, prediction |
SwftCoin
SWFTC
|
-0.68593496 |
details, prediction |
Electroneum
ETN
|
-0.6568072 |
details, prediction |
Kambria
KAT
|
-0.64211005 |
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)