Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.4324448 |
details, prediction |
ZCash
ZEC
|
0.42614877 |
details, prediction |
Dogecoin
DOGE
|
0.39487112 |
details, prediction |
Stellar
XLM
|
0.37405923 |
details, prediction |
XRP
XRP
|
0.34482354 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.76449496 |
details, prediction |
Siacoin
SC
|
0.7611241 |
details, prediction |
Status
SNT
|
0.6528668 |
details, prediction |
0x
ZRX
|
0.6457165 |
details, prediction |
NEO
NEO
|
0.6079624 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.9546268 |
details, prediction |
PIVX
PIVX
|
0.92656946 |
details, prediction |
Steem
STEEM
|
0.91782683 |
details, prediction |
Power Ledger
POWR
|
0.8973077 |
details, prediction |
Kyber Network
KNC
|
0.84752494 |
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
|
-0.22428134 |
details, prediction |
Bitcoin Cash
BCH
|
0.043386508 |
details, prediction |
Cardano
ADA
|
0.053043973 |
details, prediction |
ChainLink
LINK
|
0.13945006 |
details, prediction |
KuCoin Shares
KCS
|
0.16658714 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5160685 |
details, prediction |
USD//Coin
USDC
|
-0.25173962 |
details, prediction |
DigiByte
DGB
|
-0.22830385 |
details, prediction |
True USD
TUSD
|
-0.20976914 |
details, prediction |
Ravencoin
RVN
|
-0.14305504 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.5435905 |
details, prediction |
V Systems
VSYS
|
-0.47916418 |
details, prediction |
HEROcoin
PLAY
|
-0.43893346 |
details, prediction |
Achain
ACT
|
-0.39843538 |
details, prediction |
SysCoin
SYS
|
-0.3617444 |
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)