⟷  

AI Crypto (AIC)

Correlation

0.68

Influence

46.24%

Bitcoin and AI Crypto Correlation

Does AI Crypto depend on Bitcoin? According to the correlation analysis, BTC and AIC have a strong positive relationship. The correlation coefficient of their values is 0.68, which was computed based on the previous 100-days' price dynamics of both coins.

This coefficient may vary 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 tells that the prices of the assets are going in the contrary direction while the positive coefficient means that the prices are going in the same direction. For instance, if Bitcoin and AI Crypto connection is positively strong, it means that when BTC is growing AIC will grow as well. The negative strong relation will point that when BTC is growing AIC value will be in contrary decreasing.

The knowledge of the correlation coefficient helps to determine in percentage the influence of Bitcoin over AI Crypto. If we take all the aspects affecting the price of AIC 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 aspects, such as news, technological releases or politics.