Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9727662 |
details, prediction |
XRP
XRP
|
0.9672034 |
details, prediction |
Bitcoin Cash
BCH
|
0.9608771 |
details, prediction |
Ethereum Classic
ETC
|
0.94708943 |
details, prediction |
Bitcoin
BTC
|
0.94225913 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.98603326 |
details, prediction |
Status
SNT
|
0.98437595 |
details, prediction |
Theta Fuel
TFUEL
|
0.98433053 |
details, prediction |
Tezos
XTZ
|
0.9833363 |
details, prediction |
Siacoin
SC
|
0.98298305 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.99152976 |
details, prediction |
Internet of Services
IOST
|
0.98741853 |
details, prediction |
Lisk
LSK
|
0.98669946 |
details, prediction |
Gas
GAS
|
0.9849269 |
details, prediction |
Steem
STEEM
|
0.9839859 |
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
|
Stellar
XLM
|
-0.57707703 |
details, prediction |
ZCash
ZEC
|
-0.052740313 |
details, prediction |
TRON
TRX
|
0.025366865 |
details, prediction |
Binance Coin
BNB
|
0.77496386 |
details, prediction |
Monero
XMR
|
0.81083906 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.93552023 |
details, prediction |
Dai
DAI
|
-0.8682954 |
details, prediction |
True USD
TUSD
|
-0.6458185 |
details, prediction |
Telcoin
TEL
|
0.17034352 |
details, prediction |
OriginTrail
TRAC
|
0.21043557 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.14626567 |
details, prediction |
Propy
PRO
|
-0.12907767 |
details, prediction |
Matrix AI Network
MAN
|
-0.12585558 |
details, prediction |
Phantasma
SOUL
|
0.13374084 |
details, prediction |
NKN
NKN
|
0.37864566 |
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)