Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7455072 |
details, prediction |
TRON
TRX
|
0.56339663 |
details, prediction |
ChainLink
LINK
|
0.17390053 |
details, prediction |
Monero
XMR
|
0.15461433 |
details, prediction |
Ethereum Classic
ETC
|
0.0856328 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.33102614 |
details, prediction |
Telcoin
TEL
|
0.18056178 |
details, prediction |
USD//Coin
USDC
|
0.16591972 |
details, prediction |
OriginTrail
TRAC
|
0.14426519 |
details, prediction |
True USD
TUSD
|
0.09331718 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.54060495 |
details, prediction |
Constellation
DAG
|
0.37979132 |
details, prediction |
Komodo
KMD
|
0.37842163 |
details, prediction |
Propy
PRO
|
0.16323444 |
details, prediction |
NKN
NKN
|
0.12336776 |
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
|
KuCoin Shares
KCS
|
-0.47593316 |
details, prediction |
Crypto.com Chain
CRO
|
-0.2535995 |
details, prediction |
Bitcoin Cash
BCH
|
-0.17779121 |
details, prediction |
XRP
XRP
|
-0.16123629 |
details, prediction |
Ethereum
ETH
|
-0.11624852 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.3389132 |
details, prediction |
Request Network
REQ
|
-0.33393687 |
details, prediction |
Synthetix Network Token
SNX
|
-0.3338132 |
details, prediction |
Ardor
ARDR
|
-0.2460177 |
details, prediction |
Nexo
NEXO
|
-0.24223885 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.8251039 |
details, prediction |
OPEN Platform
OPEN
|
-0.75261134 |
details, prediction |
SingularityNET
AGI
|
-0.66927356 |
details, prediction |
LAToken
LA
|
-0.62619233 |
details, prediction |
Dent
DENT
|
-0.577093 |
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)