Marvelous (MARV)





Bitcoin and Marvelous Correlation

Does Marvelous depend on Bitcoin? According to the correlation analysis, BTC and MARV have no relationship. The correlation coefficient of their prices is 0.00, which was measured based on the last 100-days' price fluctuations of both currencies.

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 shows that the prices of the coins are moving in the reversed direction while the positive coefficient tells that the prices are going in the same direction. For instance, if Bitcoin and Marvelous connection is positively strong, it means that when BTC is rising MARV will rise as well. The negative strong relation will tell that when BTC is growing MARV price will be in opposite decreasing.

The knowledge of the correlation coefficient helps to estimate in percentage the influence of Bitcoin over Marvelous. If we take all the factors affecting the price of MARV 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 politics.