<div class ="text-justify"> Hy everyone, happy new month to all. In this content I will explore the result of correlation analysis between the price of HIVE and that of POLYCUB. If you donβt know about analysis of correlation for crypto currency, it is a relationship test of influence between price of two crypto asset. The test of influence or relationship simply means if a price of HIVE pumps or dumps today, will it also affect the price of POLYCUB? I will be considering this analysis under the following categories. ## Result of correlation analysis The result of correlation test falls into any of the three categories listed below. Positive correlation: A relationship between two crypto assets is said to be positive when pump in one asset can lead to a pump in the other. It is presented according to it coefficient which could be weak or strong. A positive relationship draws closer to +1 axis as seen below. 0---π‘ͺ----------π‘ͺ-----π‘ͺ----+1 Negative correlation: A relationship is said to be negative when a pump in price of one could lead to a dump in the other. The closer the coefficient to -1 represents the strength of a negative relationship -1--------π‘¨---------0 Zero correlation: this implies there is no relationship at all between the assets in question the closer the relationship towards the zero axis the weaker the relationship. -----π‘ͺ------0 ## Considering the table below  With Pearson correlation coefficient of 0.923 shows a very strong positive correlation between the price of HIVE and POLYCUB, this implies as the price of HIVE is in a low (bear), the price of POLYCUB is also in same bear condition. Anytime the price of HIVE is in bull market form, then similar situation will occur in the price of POLYCUB. ## Could The Result Be Useful in Prediction To answer this question, we shall examine the scatter plot diagram.  It can be concluded that for any price of HIVE within the range traced to the line of intersection will estimate a value for price of POLYCUB. Then it is useful in prediction analysis. Such analysis is referred to as **Linear Regression**. It is a prediction analysis based on creating a line of intersection between both axes. ## Line Graph of HIVE and POLYCUB price The line graph below are somewhat linked to each other. They look very similar showing a good correlation in the crypto market. ### Line graph for HIVE Price Below is a line graph showing the price of hive with dates from October β December 2, 2022.  ### Line graph for POLYCUB Price Below is a line graph for POLYCUB price this is similar to the pattern encountered for HIVE.  This shows a good relationship in price. ## Maximum and Minimum Price of HIVE and POYLCUB  During the period of October β December 2, 2022, the maximum price of HIVE was $0.5778 and its minimum price $0.3080. The maximum price of POLYCUB was $0.05848 and $0.02610. Other related images are ### Data view  ### Variable view  ## Conclusion This article has been able to summarize the type of relationship between the price of HIVE and that of POLYCUB, there seem to be a positive correlation between both assets with a coefficient of 0.923 indicating **as the price of HIVE pumps that of POLYCUB experience same at similar rate**. Happy Progress For POLYCUB on HIVE Network </div> Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@iniobong3emm/correlation-analysis-between-hive-price-and-polycub-in-spss)
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|---|---|
| permlink | correlation-analysis-between-hive-price-and-polycub-in-spss |
| category | hive-167922 |
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