Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.93247426 |
details, prediction |
Cardano
ADA
|
0.9229979 |
details, prediction |
ZCash
ZEC
|
0.91676813 |
details, prediction |
Stellar
XLM
|
0.89926696 |
details, prediction |
Litecoin
LTC
|
0.876385 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9915076 |
details, prediction |
QTUM
QTUM
|
0.9886772 |
details, prediction |
Synthetix Network Token
SNX
|
0.98698884 |
details, prediction |
Basic Attention Token
BAT
|
0.98254216 |
details, prediction |
Theta Fuel
TFUEL
|
0.98102164 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.99235183 |
details, prediction |
ICON
ICX
|
0.9867097 |
details, prediction |
Storj
STORJ
|
0.98596585 |
details, prediction |
Lisk
LSK
|
0.9859541 |
details, prediction |
Metal
MTL
|
0.9845301 |
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
|
-0.412487 |
details, prediction |
UNUS SED LEO
LEO
|
0.38405856 |
details, prediction |
Binance Coin
BNB
|
0.44400287 |
details, prediction |
Dogecoin
DOGE
|
0.6083785 |
details, prediction |
XRP
XRP
|
0.719866 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.43924543 |
details, prediction |
Decred
DCR
|
-0.203178 |
details, prediction |
True USD
TUSD
|
0.080689274 |
details, prediction |
Zilliqa
ZIL
|
0.21095063 |
details, prediction |
Verge
XVG
|
0.30864137 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.23716466 |
details, prediction |
Constellation
DAG
|
-0.19261077 |
details, prediction |
BABB
BAX
|
-0.0839455 |
details, prediction |
Dero
DERO
|
0.03522873 |
details, prediction |
Dent
DENT
|
0.35920715 |
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)