Tianhe (TIA)





Bitcoin and Tianhe Correlation

Does Tianhe depend on Bitcoin? Based on the correlation analysis, BTC and TIA have a very strong positive relationship. The correlation coefficient of their values is 0.91, which was computed based on the previous 100-days' price fluctuations of both coins.

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 tells that the prices of the assets are going in the reversed direction while the positive coefficient means that the prices are going in the same direction. For example, if Bitcoin and Tianhe connection is positively strong, it means that when BTC is growing TIA will grow as well. The negative strong relation will tell that when BTC is growing TIA price will be in contrary decreasing.

The knowledge of the correlation coefficient helps to calculate in percentage the influence of Bitcoin over Tianhe. If we take all the things affecting the price of TIA 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 media, events or crypto related laws.