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Subscriptio (SUB*)

Correlation

0.91

Influence

82.81%

Bitcoin and Subscriptio Correlation

Does Subscriptio depend on Bitcoin? According to the correlation analysis, BTC and SUB* have a very strong positive relationship. The correlation coefficient of their prices is 0.91, which was measured based on the last 100-days' price dynamics 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 means that the prices of the coins are moving in the contrary direction while the positive coefficient tells that the prices are moving in the same direction. For example, if Bitcoin and Subscriptio connection is positively strong, it means that when BTC is rising SUB* will rise as well. The negative strong relation will indicate that when BTC is growing SUB* price will be in opposite lowering.

The knowledge of the correlation coefficient helps to calculate in percentage the influence of Bitcoin over Subscriptio. If we take all the factors affecting the price of SUB* 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 aspects, such as news, events or politics.