StalinCoin (STALIN)





Bitcoin and StalinCoin Correlation

Does StalinCoin depend on Bitcoin? According to the correlation analysis, BTC and STALIN have a very strong positive relationship. The correlation coefficient of their prices is 0.91, which was computed based on the previous 100-days' price fluctuations of both assets.

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 assets are going in the reversed trend while the positive coefficient tells that the prices are moving in the identical trend. For example, if Bitcoin and StalinCoin connection is positively strong, it means that when BTC is growing STALIN will grow as well. The negative strong relation will point that when BTC is growing STALIN price will be in opposite decreasing.

The knowledge of the correlation coefficient helps to estimate in percentage the influence of Bitcoin over StalinCoin. If we take all the factors affecting the price of STALIN 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 media, events or politics.