Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.69174355 |
details, prediction |
Bitcoin Cash
BCH
|
0.5874679 |
details, prediction |
Ethereum Classic
ETC
|
0.542381 |
details, prediction |
XRP
XRP
|
0.54045314 |
details, prediction |
KuCoin Shares
KCS
|
0.44436625 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.8598997 |
details, prediction |
Decentraland
MANA
|
0.85157955 |
details, prediction |
Status
SNT
|
0.84390205 |
details, prediction |
Zilliqa
ZIL
|
0.83789283 |
details, prediction |
Vechain
VET
|
0.80041003 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.8616742 |
details, prediction |
Loopring
LRC
|
0.8321862 |
details, prediction |
Internet of Services
IOST
|
0.81193095 |
details, prediction |
Power Ledger
POWR
|
0.8106475 |
details, prediction |
QuarkChain
QKC
|
0.80626965 |
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
|
UNUS SED LEO
LEO
|
-0.78336364 |
details, prediction |
TRON
TRX
|
-0.36087054 |
details, prediction |
Ethereum
ETH
|
-0.10591997 |
details, prediction |
Stellar
XLM
|
0.03300697 |
details, prediction |
Bitcoin
BTC
|
0.08531937 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.33975103 |
details, prediction |
USD//Coin
USDC
|
-0.26370898 |
details, prediction |
Telcoin
TEL
|
-0.1311637 |
details, prediction |
Decred
DCR
|
-0.12274695 |
details, prediction |
OriginTrail
TRAC
|
-0.113040715 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.4668824 |
details, prediction |
V Systems
VSYS
|
-0.33955494 |
details, prediction |
Constellation
DAG
|
-0.31274134 |
details, prediction |
NKN
NKN
|
-0.23764592 |
details, prediction |
BABB
BAX
|
-0.14821605 |
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)