Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.6922532 |
details, prediction |
Ethereum Classic
ETC
|
0.6253361 |
details, prediction |
Bitcoin Cash
BCH
|
0.5883733 |
details, prediction |
XRP
XRP
|
0.5205034 |
details, prediction |
Dogecoin
DOGE
|
0.4844427 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.88141185 |
details, prediction |
Decentraland
MANA
|
0.86743486 |
details, prediction |
Zilliqa
ZIL
|
0.8548611 |
details, prediction |
Status
SNT
|
0.8377006 |
details, prediction |
Vechain
VET
|
0.8317039 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.879687 |
details, prediction |
Lisk
LSK
|
0.83663726 |
details, prediction |
Loopring
LRC
|
0.8321862 |
details, prediction |
Internet of Services
IOST
|
0.81978047 |
details, prediction |
Power Ledger
POWR
|
0.81591296 |
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
|
-0.3275571 |
details, prediction |
Ethereum
ETH
|
-0.1537722 |
details, prediction |
Stellar
XLM
|
-0.107509926 |
details, prediction |
Bitcoin
BTC
|
0.12954624 |
details, prediction |
Monero
XMR
|
0.24038112 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.29939792 |
details, prediction |
USD//Coin
USDC
|
-0.22867243 |
details, prediction |
Decred
DCR
|
-0.20912835 |
details, prediction |
True USD
TUSD
|
9.0916146E-4 |
details, prediction |
Algorand
ALGO
|
0.056667298 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5188709 |
details, prediction |
BABB
BAX
|
-0.3319262 |
details, prediction |
Phantasma
SOUL
|
-0.3264305 |
details, prediction |
V Systems
VSYS
|
-0.32164583 |
details, prediction |
NKN
NKN
|
-0.29130659 |
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)