Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.97541225 |
details, prediction |
Monero
XMR
|
0.969616 |
details, prediction |
Litecoin
LTC
|
0.9662504 |
details, prediction |
XRP
XRP
|
0.9640071 |
details, prediction |
ChainLink
LINK
|
0.958718 |
details, prediction |
Second tier
|
DASH
DASH
|
0.9818346 |
details, prediction |
Metal
MTL
|
0.9816583 |
details, prediction |
NEM
XEM
|
0.97975177 |
details, prediction |
Ardor
ARDR
|
0.97791684 |
details, prediction |
Telcoin
TEL
|
0.9769714 |
details, prediction |
Third tier
|
Cofound.it
CFI
|
0.98875487 |
details, prediction |
BlackCoin
BLK
|
0.98642594 |
details, prediction |
BitCrystals
BCY
|
0.98638046 |
details, prediction |
ZCoin
XZC
|
0.98542666 |
details, prediction |
Particl
PART
|
0.98371774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Vcash 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 Vcash
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.08538189 |
details, prediction |
Theta
THETA
|
0.23236932 |
details, prediction |
Tezos
XTZ
|
0.3721968 |
details, prediction |
Ethereum Classic
ETC
|
0.7415347 |
details, prediction |
SONM
SNM
|
0.7612336 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.47197545 |
details, prediction |
Dai
DAI
|
-0.015327485 |
details, prediction |
True USD
TUSD
|
0.18017338 |
details, prediction |
Decred
DCR
|
0.36451152 |
details, prediction |
DigiByte
DGB
|
0.49560457 |
details, prediction |
Third tier
|
WeAreSatoshi
WSX
|
-0.80144423 |
details, prediction |
Bitcedi
BXC
|
-0.79861426 |
details, prediction |
ODEM
ODEM
|
-0.7240631 |
details, prediction |
Docademic
MTC
|
-0.7209923 |
details, prediction |
Trade Token
TIO
|
-0.45043042 |
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)