Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9190913 |
details, prediction |
Ethereum Classic
ETC
|
0.9184291 |
details, prediction |
Cardano
ADA
|
0.91678137 |
details, prediction |
Stellar
XLM
|
0.90735716 |
details, prediction |
Crypto.com Chain
CRO
|
0.88907534 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.98069227 |
details, prediction |
Decentraland
MANA
|
0.9774705 |
details, prediction |
Theta Fuel
TFUEL
|
0.9753496 |
details, prediction |
Basic Attention Token
BAT
|
0.971362 |
details, prediction |
QTUM
QTUM
|
0.9702536 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.9819631 |
details, prediction |
Dent
DENT
|
0.9812169 |
details, prediction |
Civic
CVC
|
0.97992945 |
details, prediction |
PIVX
PIVX
|
0.97976637 |
details, prediction |
Lisk
LSK
|
0.97283024 |
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
|
-0.51454556 |
details, prediction |
Binance Coin
BNB
|
0.03338339 |
details, prediction |
Dogecoin
DOGE
|
0.32658163 |
details, prediction |
XRP
XRP
|
0.5659903 |
details, prediction |
UNUS SED LEO
LEO
|
0.5692785 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.60687345 |
details, prediction |
True USD
TUSD
|
-0.17282605 |
details, prediction |
Zilliqa
ZIL
|
0.14452195 |
details, prediction |
Decred
DCR
|
0.14924993 |
details, prediction |
Verge
XVG
|
0.18331836 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.82694614 |
details, prediction |
Constellation
DAG
|
-0.63703823 |
details, prediction |
Dero
DERO
|
-0.22354648 |
details, prediction |
BOScoin
BOS
|
0.08139289 |
details, prediction |
Elastos
ELA
|
0.4871872 |
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)