Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.7815287 |
details, prediction |
Ethereum Classic
ETC
|
0.6195233 |
details, prediction |
Dogecoin
DOGE
|
0.61306185 |
details, prediction |
KuCoin Shares
KCS
|
0.30169475 |
details, prediction |
XRP
XRP
|
0.22006464 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9059189 |
details, prediction |
Zilliqa
ZIL
|
0.8881704 |
details, prediction |
Telcoin
TEL
|
0.87289315 |
details, prediction |
Status
SNT
|
0.8601747 |
details, prediction |
Tezos
XTZ
|
0.8587854 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.93767834 |
details, prediction |
ARK
ARK
|
0.9364908 |
details, prediction |
Power Ledger
POWR
|
0.8704107 |
details, prediction |
SwftCoin
SWFTC
|
0.8568609 |
details, prediction |
Kyber Network
KNC
|
0.8319884 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Civic 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 Civic
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.3370467 |
details, prediction |
Monero
XMR
|
-0.3176248 |
details, prediction |
Ethereum
ETH
|
-0.29956645 |
details, prediction |
ChainLink
LINK
|
-0.25243315 |
details, prediction |
Cardano
ADA
|
-0.22490859 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.66068333 |
details, prediction |
Dai
DAI
|
-0.6286888 |
details, prediction |
Decred
DCR
|
-0.36344302 |
details, prediction |
Bitcoin SV
BSV
|
-0.34507242 |
details, prediction |
HoloToken
HOT
|
-0.15590295 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6486478 |
details, prediction |
NKN
NKN
|
-0.5777625 |
details, prediction |
Propy
PRO
|
-0.22871742 |
details, prediction |
Hydro Protocol
HOT
|
-0.18766847 |
details, prediction |
AdEx
ADX
|
-0.13248159 |
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)