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Ratio (RATIO)

Correlation

0.91

Influence

82.81%

Bitcoin and Ratio Correlation

Does Ratio depend on Bitcoin? Based on the correlation analysis, BTC and RATIO have a very strong positive relationship. The correlation coefficient of their prices is 0.91, which was measured based on the previous 100-days' price fluctuations of both cryptocurrencies.

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 means that the prices of the coins are going in the reversed trend while the positive coefficient points that the prices are moving in the identical trend. For example, if Bitcoin and Ratio connection is positively strong, it means that when BTC is rising RATIO will grow as well. The negative strong relation will tell that when BTC is rising RATIO value will be in contrary lowering.

The knowledge of the correlation coefficient helps to calculate in percentage the influence of Bitcoin over Ratio. If we take all the aspects affecting the price of RATIO 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 things, such as news, events or regulations.