Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9369527 |
details, prediction |
Cardano
ADA
|
0.93360347 |
details, prediction |
ZCash
ZEC
|
0.9232989 |
details, prediction |
Monero
XMR
|
0.9014238 |
details, prediction |
KuCoin Shares
KCS
|
0.89675933 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9711995 |
details, prediction |
Status
SNT
|
0.9677398 |
details, prediction |
Synthetix Network Token
SNX
|
0.96432054 |
details, prediction |
QTUM
QTUM
|
0.95808023 |
details, prediction |
Theta Fuel
TFUEL
|
0.95653474 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9766504 |
details, prediction |
Civic
CVC
|
0.97327936 |
details, prediction |
PIVX
PIVX
|
0.9705209 |
details, prediction |
Internet of Services
IOST
|
0.9693246 |
details, prediction |
ICON
ICX
|
0.96277773 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ARK 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 ARK
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6684767 |
details, prediction |
UNUS SED LEO
LEO
|
0.27604222 |
details, prediction |
Binance Coin
BNB
|
0.66610384 |
details, prediction |
Dogecoin
DOGE
|
0.7585563 |
details, prediction |
ChainLink
LINK
|
0.77335316 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.36000055 |
details, prediction |
Decred
DCR
|
-0.30168065 |
details, prediction |
True USD
TUSD
|
0.22146654 |
details, prediction |
Nexo
NEXO
|
0.38609642 |
details, prediction |
Verge
XVG
|
0.43203166 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.20787902 |
details, prediction |
Dent
DENT
|
-0.16451238 |
details, prediction |
Propy
PRO
|
0.10370474 |
details, prediction |
OPEN Platform
OPEN
|
0.19318588 |
details, prediction |
NKN
NKN
|
0.20286426 |
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)