Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.93397886 |
details, prediction |
XRP
XRP
|
0.92356974 |
details, prediction |
Cardano
ADA
|
0.9147094 |
details, prediction |
Bitcoin Cash
BCH
|
0.91215324 |
details, prediction |
Ethereum Classic
ETC
|
0.9105472 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.96877646 |
details, prediction |
Verge
XVG
|
0.96054643 |
details, prediction |
Zilliqa
ZIL
|
0.9582431 |
details, prediction |
Chiliz
CHZ
|
0.95701027 |
details, prediction |
Theta Fuel
TFUEL
|
0.95672935 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9729084 |
details, prediction |
Lisk
LSK
|
0.9713401 |
details, prediction |
Steem
STEEM
|
0.9701612 |
details, prediction |
ARK
ARK
|
0.9696684 |
details, prediction |
QuarkChain
QKC
|
0.9696673 |
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
|
Stellar
XLM
|
-0.46781853 |
details, prediction |
TRON
TRX
|
-0.03172557 |
details, prediction |
ZCash
ZEC
|
0.03328596 |
details, prediction |
Binance Coin
BNB
|
0.731832 |
details, prediction |
Monero
XMR
|
0.73449975 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.9240987 |
details, prediction |
Dai
DAI
|
-0.86549574 |
details, prediction |
True USD
TUSD
|
-0.6565544 |
details, prediction |
DigiByte
DGB
|
0.379092 |
details, prediction |
Telcoin
TEL
|
0.3892475 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.35490498 |
details, prediction |
Matrix AI Network
MAN
|
-0.22663581 |
details, prediction |
V Systems
VSYS
|
-0.21689501 |
details, prediction |
Phantasma
SOUL
|
-0.1239 |
details, prediction |
NKN
NKN
|
0.24421446 |
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)