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Zeusshield (ZSC)

Correlation

0.78

Influence

60.84%

Bitcoin and Zeusshield Correlation

Does Zeusshield depend on Bitcoin? According to the correlation analysis, BTC and ZSC have a very strong positive relationship. The correlation coefficient of their prices is 0.78, which was measured based on the previous 100-days' price fluctuations of both coins.

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 shows that the prices of the coins are going in the reversed direction while the positive coefficient means that the prices are going in the identical trend. For instance, if Bitcoin and Zeusshield connection is positively strong, it means that when BTC is rising ZSC will rise as well. The negative strong relation will indicate that when BTC is rising ZSC price will be in contrary lowering.

The knowledge of the correlation coefficient helps to figure out in percentage the influence of Bitcoin over Zeusshield. If we take all the things affecting the price of ZSC as 100%, then the share of BTC price among these factors will be 60.84%. The other part which is 39.16% covers all the other things, such as news, technological releases or regulations.