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Aditus (ADI)

Correlation

0.68

Influence

46.24%

Bitcoin and Aditus Correlation

Does Aditus depend on Bitcoin? Based on the correlation analysis, BTC and ADI have a strong positive relationship. The correlation coefficient of their values is 0.68, which was estimated based on the last 100-days' price fluctuations of both assets.

This coefficient may adjust from -1 to 1, where -1 is the strongest negative correlation, 0 is no correlation at all and 1 is the strongest positive correlation.

The negative coefficient points that the prices of the cryptocurrencies are moving in the reversed trend while the positive coefficient means that the prices are moving in the same direction. For instance, if Bitcoin and Aditus connection is positively strong, it means that when BTC is growing ADI will rise as well. The negative strong relation will show that when BTC is growing ADI price will be in contrary lowering.

The knowledge of the correlation coefficient helps to estimate in percentage the influence of Bitcoin over Aditus. If we take all the aspects affecting the price of ADI as 100%, then the share of BTC price among these factors will be 46.24%. The other part which is 53.76% covers all the other factors, such as media, technological releases or regulations.