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T-Coin (TCX)

Correlation

0.00

Influence

0.00%

Bitcoin and T-Coin Correlation

Does T-Coin depend on Bitcoin? Based on the correlation analysis, BTC and TCX have no relationship. The correlation coefficient of their values is 0.00, which was estimated based on the last 100-days' price movements 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 indicates that the prices of the cryptocurrencies are moving in the opposite trend while the positive coefficient indicates that the prices are moving in the identical trend. For instance, if Bitcoin and T-Coin connection is positively strong, it means that when BTC is growing TCX will grow as well. The negative strong relation will indicate that when BTC is rising TCX price will be in contrary decreasing.

The knowledge of the correlation coefficient helps to calculate in percentage the influence of Bitcoin over T-Coin. If we take all the aspects affecting the price of TCX 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 circumstances, such as news, technological releases or politics.