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VapersCoin (VPRC)

Correlation

0.91

Influence

82.81%

Bitcoin and VapersCoin Correlation

Does VapersCoin depend on Bitcoin? According to the correlation analysis, BTC and VPRC have a very strong positive relationship. The correlation coefficient of their prices is 0.91, which was measured based on the previous 100-days' price dynamics of both cryptocurrencies.

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 shows that the prices of the coins are going in the contrary trend while the positive coefficient points that the prices are moving in the identical direction. For example, if Bitcoin and VapersCoin connection is positively strong, it means that when BTC is rising VPRC will grow as well. The negative strong relation will show that when BTC is rising VPRC value will be in opposite decreasing.

The knowledge of the correlation coefficient helps to figure out in percentage the influence of Bitcoin over VapersCoin. If we take all the circumstances affecting the price of VPRC 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, technological releases or crypto related laws.