Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.91770375 |
details, prediction |
XRP
XRP
|
0.88674825 |
details, prediction |
Stellar
XLM
|
0.88634866 |
details, prediction |
Dogecoin
DOGE
|
0.77009135 |
details, prediction |
Bitcoin Cash
BCH
|
0.7648795 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9116887 |
details, prediction |
Waves
WAVES
|
0.8991508 |
details, prediction |
Basic Attention Token
BAT
|
0.8987545 |
details, prediction |
Ravencoin
RVN
|
0.89448833 |
details, prediction |
Crypto.com Chain
CRO
|
0.87474537 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.9285344 |
details, prediction |
SingularityNET
AGI
|
0.92267245 |
details, prediction |
Internet of Services
IOST
|
0.9186456 |
details, prediction |
SwftCoin
SWFTC
|
0.90927184 |
details, prediction |
Power Ledger
POWR
|
0.90117675 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PIVX 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 PIVX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.8988024 |
details, prediction |
Binance Coin
BNB
|
-0.7337891 |
details, prediction |
ChainLink
LINK
|
-0.6174833 |
details, prediction |
Cardano
ADA
|
-0.33321732 |
details, prediction |
Ethereum
ETH
|
-0.26471752 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.75351846 |
details, prediction |
Decred
DCR
|
-0.3114231 |
details, prediction |
Bitcoin SV
BSV
|
-0.2863021 |
details, prediction |
Ardor
ARDR
|
0.093561694 |
details, prediction |
OriginTrail
TRAC
|
0.36489 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
-0.61895543 |
details, prediction |
OPEN Platform
OPEN
|
-0.60380846 |
details, prediction |
V Systems
VSYS
|
-0.4246729 |
details, prediction |
HEROcoin
PLAY
|
-0.24828508 |
details, prediction |
NKN
NKN
|
-0.117428795 |
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)