Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.8262298 |
details, prediction |
ZCash
ZEC
|
0.81479245 |
details, prediction |
Ethereum Classic
ETC
|
0.7935574 |
details, prediction |
Stellar
XLM
|
0.7205684 |
details, prediction |
Binance Coin
BNB
|
0.7181601 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.898224 |
details, prediction |
0x
ZRX
|
0.89336264 |
details, prediction |
Tezos
XTZ
|
0.8854651 |
details, prediction |
NEO
NEO
|
0.85730606 |
details, prediction |
Vechain
VET
|
0.83318686 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.96465147 |
details, prediction |
Power Ledger
POWR
|
0.95991176 |
details, prediction |
Kyber Network
KNC
|
0.92119384 |
details, prediction |
PIVX
PIVX
|
0.89622456 |
details, prediction |
Metal
MTL
|
0.8781545 |
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
|
0.05651692 |
details, prediction |
KuCoin Shares
KCS
|
0.4957972 |
details, prediction |
Monero
XMR
|
0.67051053 |
details, prediction |
Ethereum
ETH
|
0.68271047 |
details, prediction |
XRP
XRP
|
0.68897617 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.64004445 |
details, prediction |
USD//Coin
USDC
|
-0.37955403 |
details, prediction |
True USD
TUSD
|
-0.34380057 |
details, prediction |
aelf
ELF
|
0.12679498 |
details, prediction |
DigiByte
DGB
|
0.13625975 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.65677446 |
details, prediction |
OPEN Platform
OPEN
|
-0.6025108 |
details, prediction |
ICON
ICX
|
-0.53889114 |
details, prediction |
NKN
NKN
|
-0.44769534 |
details, prediction |
Matrix AI Network
MAN
|
-0.42653495 |
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)