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Pabyosi Coin (PCS)

Correlation

0.91

Influence

82.81%

Bitcoin and Pabyosi Coin Correlation

Does Pabyosi Coin depend on Bitcoin? According to the correlation analysis, BTC and PCS have a very strong positive relationship. The correlation coefficient of their values is 0.91, which was measured based on the last 100-days' price fluctuations 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 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 same trend. For example, if Bitcoin and Pabyosi Coin connection is positively strong, it means that when BTC is rising PCS will rise as well. The negative strong relation will show that when BTC is growing PCS value will be in opposite decreasing.

The knowledge of the correlation coefficient helps to compute in percentage the influence of Bitcoin over Pabyosi Coin. If we take all the things affecting the price of PCS as 100%, then the share of BTC price among these factors will be 82.81%. The other part which is 17.19% covers all the other factors, such as news, technological releases or regulations.