Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.84571797 |
details, prediction |
Bitcoin Cash
BCH
|
0.78419375 |
details, prediction |
Cardano
ADA
|
0.6404775 |
details, prediction |
Litecoin
LTC
|
0.57304764 |
details, prediction |
XRP
XRP
|
0.5358316 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.8909228 |
details, prediction |
Decred
DCR
|
0.85588324 |
details, prediction |
Siacoin
SC
|
0.80885816 |
details, prediction |
Bitcoin Gold
BTG
|
0.8029344 |
details, prediction |
Waves
WAVES
|
0.7892761 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9216849 |
details, prediction |
SysCoin
SYS
|
0.90309906 |
details, prediction |
Steem
STEEM
|
0.86992073 |
details, prediction |
Dent
DENT
|
0.86744875 |
details, prediction |
BABB
BAX
|
0.85392416 |
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
|
UNUS SED LEO
LEO
|
-0.9889115 |
details, prediction |
ZCash
ZEC
|
-0.6844665 |
details, prediction |
TRON
TRX
|
-0.6749347 |
details, prediction |
Monero
XMR
|
-0.42597026 |
details, prediction |
Stellar
XLM
|
-0.3520161 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.63111675 |
details, prediction |
Cosmos
ATOM
|
-0.5331403 |
details, prediction |
Telcoin
TEL
|
-0.43975574 |
details, prediction |
True USD
TUSD
|
-0.36569715 |
details, prediction |
DASH
DASH
|
-0.312003 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.53792197 |
details, prediction |
V Systems
VSYS
|
-0.4745714 |
details, prediction |
OPEN Platform
OPEN
|
-0.46072212 |
details, prediction |
Bancor
BNT
|
-0.38126543 |
details, prediction |
Enjin Coin
ENJ
|
-0.2810947 |
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)