Californium (CF)





Bitcoin and Californium Correlation

Does Californium depend on Bitcoin? According to the correlation analysis, BTC and CF have no relationship. The correlation coefficient of their prices is 0.00, which was estimated based on the last 100-days' price dynamics of both cryptocurrencies.

This coefficient may change 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 means that the prices of the cryptocurrencies are moving in the contrary trend while the positive coefficient indicates that the prices are going in the identical trend. For instance, if Bitcoin and Californium connection is positively strong, it means that when BTC is rising CF will rise as well. The negative strong relation will point that when BTC is growing CF price will be in contrary decreasing.

The knowledge of the correlation coefficient helps to calculate in percentage the influence of Bitcoin over Californium. If we take all the aspects affecting the price of CF as 100%, then the share of BTC price among these factors will be 0.00%. The other part which is 100.00% covers all the other things, such as media, events or crypto related laws.