Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8735792 |
details, prediction |
XRP
XRP
|
0.779449 |
details, prediction |
Dogecoin
DOGE
|
0.7586853 |
details, prediction |
Stellar
XLM
|
0.73913306 |
details, prediction |
KuCoin Shares
KCS
|
0.67551297 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.90465283 |
details, prediction |
Basic Attention Token
BAT
|
0.8819835 |
details, prediction |
Zilliqa
ZIL
|
0.86380327 |
details, prediction |
Waves
WAVES
|
0.8624544 |
details, prediction |
Status
SNT
|
0.85688275 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.92656946 |
details, prediction |
ARK
ARK
|
0.9229826 |
details, prediction |
Internet of Services
IOST
|
0.90076727 |
details, prediction |
Stox
STX
|
0.88735867 |
details, prediction |
SwftCoin
SWFTC
|
0.8862247 |
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
|
-0.70737535 |
details, prediction |
ChainLink
LINK
|
-0.593267 |
details, prediction |
Ethereum
ETH
|
-0.52517086 |
details, prediction |
TRON
TRX
|
-0.36103526 |
details, prediction |
Cardano
ADA
|
-0.35976592 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.78175545 |
details, prediction |
Decred
DCR
|
-0.5843153 |
details, prediction |
Bitcoin SV
BSV
|
-0.49874616 |
details, prediction |
Dai
DAI
|
-0.42904866 |
details, prediction |
HoloToken
HOT
|
-0.036816463 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.72703105 |
details, prediction |
V Systems
VSYS
|
-0.65794027 |
details, prediction |
SysCoin
SYS
|
-0.576518 |
details, prediction |
AdEx
ADX
|
-0.13971989 |
details, prediction |
HEROcoin
PLAY
|
-0.09832447 |
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)