Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.87985975 |
details, prediction |
Dogecoin
DOGE
|
0.85241085 |
details, prediction |
XRP
XRP
|
0.82130593 |
details, prediction |
Stellar
XLM
|
0.78952026 |
details, prediction |
Bitcoin Cash
BCH
|
0.5698866 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9292671 |
details, prediction |
Basic Attention Token
BAT
|
0.9079962 |
details, prediction |
Siacoin
SC
|
0.9042884 |
details, prediction |
Zilliqa
ZIL
|
0.90320265 |
details, prediction |
Status
SNT
|
0.8837814 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.92576534 |
details, prediction |
Civic
CVC
|
0.92428434 |
details, prediction |
Internet of Services
IOST
|
0.9222414 |
details, prediction |
Stox
STX
|
0.91497016 |
details, prediction |
Steem
STEEM
|
0.9137642 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PIVX 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 PIVX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.51105076 |
details, prediction |
ChainLink
LINK
|
-0.29777142 |
details, prediction |
Ethereum
ETH
|
-0.27740052 |
details, prediction |
ZCash
ZEC
|
-0.06614486 |
details, prediction |
TRON
TRX
|
-0.0017790603 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8171817 |
details, prediction |
DigiByte
DGB
|
-0.6141672 |
details, prediction |
Bitcoin SV
BSV
|
-0.34640083 |
details, prediction |
Decred
DCR
|
-0.14796801 |
details, prediction |
USD//Coin
USDC
|
0.03041035 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.69380885 |
details, prediction |
V Systems
VSYS
|
-0.56437063 |
details, prediction |
Propy
PRO
|
-0.36493412 |
details, prediction |
Hydro Protocol
HOT
|
-0.023009425 |
details, prediction |
AdEx
ADX
|
0.034156505 |
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)