create account

Analysis Of Correlation Between Binance (BNB) and Leofinance (leo) Crypto Assets by iniobong3emm

View this thread on: hive.blogpeakd.comecency.com
· @iniobong3emm ·
$2.12
Analysis Of Correlation Between Binance (BNB) and Leofinance (leo) Crypto Assets
One of the importance of data to humans is the information attached to it. In this article, I will analyze the type of relationship that exists between bnb and leo.

I shall be considering the following subsections;

- A brief about crypto correlation analysis

- Analysis of correlation between bnb and leo token

- Conclusion

- Other images


## A brief about crypto correlation analysis
Crypto currency correlation analysis shows the type of relationship that exist between pairs of crypto assets.
 In this case the result of the analysis is either of the following classes.
- Positive correlation
- Negative correlation
- Zero correlation

### Positive correlation
A positive correlation indicates that as the price of one crypto asset is in a bull condition, it will also be same for the other variable and vice versa but this might not occur at same rate.

### Negative correlation
A negative correlation on the other hand indicates that as the price of one asset is in a bull market, the price of the other will be in a bear and vice versa. But this might not occur at same rate too.

### Zero correlation
Zero correlation is closer to zero and indicates that there is no form of relationship between the crypto assets in consideration.

The strength of correlation can either be strong or weak.
Considering Karl Pearson, A famous statistician described correlation using a number line system.

             -1---------------------0------------------+1
It is strong when it is closer to any of the figure.

### Analysis of correlation between bnb and leo token
The result of correlation analysis between bnb and leo cn be seen below.
![correlation.JPG](https://i.imgur.com/IVjTPrT.jpg)

However the coefficient of correlation is 0.319. This shows a minimum positive correlation between the price of bnb and leo.
This indicates that as the price of bnb increase in price, the price of leo may likely get increased but not at same rate because the correlation is at minimum which is not strong enough.
 
Take a look at the diagram of scatter dot, 
![scatterdot.JPG](https://i.imgur.com/bqz6xFV.jpg)

we can see a minimum diagonal line stating as the price of bnb increase that of leo also gets increased minimally. It is strong when the diagonal starts from the intercept point.

## Conclusion
The article has presented the analysis of correlation between binance token and that of leofinance. There seem to be a form of weak positive correlation between bnb and leo.

### Other images

#### Box plot of Bnb
![boxplot bnb.JPG](https://i.imgur.com/UDQx49G.jpg)

#### Box plotof leofinance
![leoboxplot.JPG](https://i.imgur.com/X4oVCex.jpg)
Box plot reveals the span in price of a crypto asset.

#### Data view mode
![data.JPG](https://i.imgur.com/st5qOTP.jpg)

#### Variable view mode
![variable.JPG](https://i.imgur.com/1Pu0jT1.jpg)









Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@iniobong3emm/analysis-of-correlation-between-binance-bnb-and-leofinance-leo-crypto-assets)
šŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 244 others
properties (23)
authoriniobong3emm
permlinkanalysis-of-correlation-between-binance-bnb-and-leofinance-leo-crypto-assets
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leo","econometrics","neoxian","creativecoin","bnb","leofinance"],"canonical_url":"https://leofinance.io/@iniobong3emm/analysis-of-correlation-between-binance-bnb-and-leofinance-leo-crypto-assets","image":["https://i.imgur.com/IVjTPrT.jpg","https://i.imgur.com/bqz6xFV.jpg","https://i.imgur.com/UDQx49G.jpg","https://i.imgur.com/X4oVCex.jpg","https://i.imgur.com/st5qOTP.jpg","https://i.imgur.com/1Pu0jT1.jpg"]}
created2022-09-25 02:10:57
last_update2022-09-25 02:10:57
depth0
children3
last_payout2022-10-02 02:10:57
cashout_time1969-12-31 23:59:59
total_payout_value1.098 HBD
curator_payout_value1.022 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,003
author_reputation33,970,703,640,107
root_title"Analysis Of Correlation Between Binance (BNB) and Leofinance (leo) Crypto Assets"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,907,703
net_rshares3,500,872,819,219
author_curate_reward""
vote details (308)
@forexbrokr ·
RE: Analysis Of Correlation Between Binance (BNB) and Leofinance (leo) Crypto Assets
Your posts are starting to look great now! :)

Keep focusing on proof reading and keeping the case in your titles consistent.

Eg here you have BNB in caps and LEO in lowercase - why?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-iniobong3emm-4jzdg9)
properties (22)
authorforexbrokr
permlinkre-iniobong3emm-4jzdg9
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@forexbrokr/re-iniobong3emm-4jzdg9"}
created2022-09-26 00:03:06
last_update2022-09-26 00:03:06
depth1
children1
last_payout2022-10-03 00:03:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length284
author_reputation423,122,348,693,842
root_title"Analysis Of Correlation Between Binance (BNB) and Leofinance (leo) Crypto Assets"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,931,476
net_rshares0
@iniobong3emm ·
Okay, you have really tried in helping me format my contents, I will get it perfect in the next post. But I got a question as regards can you please send me a Hy on my mail: captaininiobong@gmail.com
I just needed us to have a private discussion. Thanks
properties (22)
authoriniobong3emm
permlinkritti4
categoryhive-167922
json_metadata{"app":"hiveblog/0.1"}
created2022-09-26 16:51:48
last_update2022-09-26 16:51:48
depth2
children0
last_payout2022-10-03 16:51:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length253
author_reputation33,970,703,640,107
root_title"Analysis Of Correlation Between Binance (BNB) and Leofinance (leo) Crypto Assets"
beneficiaries
0.
accounthiveonboard
weight100
1.
accountmaxwellelisha19
weight300
2.
accounttipu
weight100
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,953,357
net_rshares0
@hivebuzz ·
Congratulations @iniobong3emm! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@iniobong3emm/replies.png?202209280155"></td><td>You got more than 300 replies.<br>Your next target is to reach 400 replies.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@iniobong3emm) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hive-122221/@hivebuzz/pud-202210"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202210">Hive Power Up Day - October 1st 2022</a></td></tr><tr><td><a href="/hive-106258/@hivebuzz/hivefest-2022-bos-result"><img src="https://images.hive.blog/64x128/https://i.imgur.com/sCBFjhf.png"></a></td><td><a href="/hive-106258/@hivebuzz/hivefest-2022-bos-result">Balls of Steel - HiveFestā· Petanque Tournament Results</a></td></tr></table>

###### Support the HiveBuzz project. [Vote](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22199%22%5D&approve=true) for [our proposal](https://peakd.com/me/proposals/199)!
properties (22)
authorhivebuzz
permlinknotify-iniobong3emm-20220928t022517
categoryhive-167922
json_metadata{"image":["http://hivebuzz.me/notify.t6.png"]}
created2022-09-28 02:25:18
last_update2022-09-28 02:25:18
depth1
children0
last_payout2022-10-05 02:25:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,402
author_reputation367,870,644,930,125
root_title"Analysis Of Correlation Between Binance (BNB) and Leofinance (leo) Crypto Assets"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id116,994,185
net_rshares0