Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.931023 |
details, prediction |
Bitcoin Cash
BCH
|
0.9229616 |
details, prediction |
Cardano
ADA
|
0.91600704 |
details, prediction |
Crypto.com Chain
CRO
|
0.8878 |
details, prediction |
Ethereum Classic
ETC
|
0.8826437 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.96741545 |
details, prediction |
Theta Fuel
TFUEL
|
0.9605246 |
details, prediction |
Siacoin
SC
|
0.95564866 |
details, prediction |
Verge
XVG
|
0.9552169 |
details, prediction |
Zilliqa
ZIL
|
0.9497948 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.97111154 |
details, prediction |
Lisk
LSK
|
0.9709908 |
details, prediction |
QuarkChain
QKC
|
0.9682676 |
details, prediction |
IoTeX
IOTX
|
0.96577466 |
details, prediction |
ARK
ARK
|
0.96394837 |
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
|
Stellar
XLM
|
-0.5285181 |
details, prediction |
ZCash
ZEC
|
-0.16367765 |
details, prediction |
TRON
TRX
|
-0.093831256 |
details, prediction |
Binance Coin
BNB
|
0.70861864 |
details, prediction |
Monero
XMR
|
0.7251964 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.9211887 |
details, prediction |
Dai
DAI
|
-0.86794716 |
details, prediction |
True USD
TUSD
|
-0.6432863 |
details, prediction |
Telcoin
TEL
|
0.15435544 |
details, prediction |
OriginTrail
TRAC
|
0.20699704 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.25157043 |
details, prediction |
Propy
PRO
|
-0.21663624 |
details, prediction |
Matrix AI Network
MAN
|
-0.1736281 |
details, prediction |
Phantasma
SOUL
|
0.06341929 |
details, prediction |
NKN
NKN
|
0.32901192 |
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)