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Think And Get Rich Coin (TAGR)

Correlation

0.91

Influence

82.81%

Bitcoin and Think And Get Rich Coin Correlation

Does Think And Get Rich Coin depend on Bitcoin? According to the correlation analysis, BTC and TAGR have a very strong positive relationship. The correlation coefficient of their prices is 0.91, which was estimated based on the last 100-days' price dynamics of both currencies.

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 cryptocurrencies are moving in the contrary direction while the positive coefficient means that the prices are going in the identical trend. For example, if Bitcoin and Think And Get Rich Coin connection is positively strong, it means that when BTC is growing TAGR will grow as well. The negative strong relation will point that when BTC is growing TAGR value will be in contrary lowering.

The knowledge of the correlation coefficient helps to compute in percentage the influence of Bitcoin over Think And Get Rich Coin. If we take all the factors affecting the price of TAGR 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 circumstances, such as news, events or crypto related laws.