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Knowledge (KNW)

Correlation

0.68

Influence

46.24%

Bitcoin and Knowledge Correlation

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

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 indicates that the prices of the coins are moving in the reversed direction while the positive coefficient tells that the prices are moving in the identical trend. For instance, if Bitcoin and Knowledge connection is positively strong, it means that when BTC is growing KNW will rise as well. The negative strong relation will show that when BTC is growing KNW price will be in contrary lowering.

The knowledge of the correlation coefficient helps to compute in percentage the influence of Bitcoin over Knowledge . If we take all the factors affecting the price of KNW 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 things, such as media, events or politics.