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Visio (VISIO)

Correlation

0.91

Influence

82.81%

Bitcoin and Visio Correlation

Does Visio depend on Bitcoin? According to the correlation analysis, BTC and VISIO have a very strong positive relationship. The correlation coefficient of their prices is 0.91, which was calculated based on the previous 100-days' price movements 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 currencies are going in the opposite direction while the positive coefficient indicates that the prices are moving in the same direction. For instance, if Bitcoin and Visio connection is positively strong, it means that when BTC is rising VISIO will grow as well. The negative strong relation will indicate that when BTC is rising VISIO price will be in contrary decreasing.

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