Testing For Correlation Between Chain Link (Link) And Leofinance (wleo) Assets (June4 – September 22, 2022) by iniobong3emm

hive-167922 · @iniobong3emm · Sep 28 '22

$8.21

Testing For Correlation Between Chain Link (Link) And Leofinance (wleo) Assets (June4 – September 22, 2022)

Statistical analysis cannot be neglected as it provides meaningful details to data. This article will present the type of relationship that exist between link and leo asset.

## It shall  be treated under the following categories

### Result of analysis
I did not really dwell on what correlation is all about because I have been carrying out series of correlation test in previous articles, explaining an introduction to correlation. 

The result of correlation analysis between link and leo can be seen below.

![real correla.JPG](https://images.hive.blog/DQmfJRpbpShDzKJEvm49vaAUMR8bRyKS8oMrHxgRP6fTALb/real%20correla.JPG)

However, it can be said that there exist a positive relationship between both assets as their coefficient of correlation is ( r = 0.694). this relationship is positive and strong.

A positive relationship indicates that as the price of link goes high, that of leo will also increase simultaneously  and vice versa in the crypto market.

Now this type of relationship is a strong one because according to the founder of correlation test, Karl pearson, he stated that the closer the coefficient to the positive 1 axis the stronger the relationship.

The scatter dot diagram below explains better interpretation. It can be a strong correlation occurs when the diagonal line is closer to the point of intersection between both axes.

![scatter.JPG](https://images.hive.blog/DQmWnMQvqqa1bqySg3RQZnk9hCLx7GpEH7Et8H5jHmrnaaZ/scatter.JPG)

### Conclusion
This article has been able to visualize the type of relationship that exist between the asset of chainlink platform (link) and also Leofinance token (wleo). In my next analysis, I will find out the prediction model.

### Other images includes

### Boxplot for chainlink
![boxchain.JPG](https://images.hive.blog/DQmQFBut1Fo38BokozQSexuGWSYTdnnjUJM9vW2BckhJzi9/boxchain.JPG)

### Boxplot for leo
![boxleo.JPG](https://images.hive.blog/DQmPKSmAVubqXbRLQXVwCZ2aCvhif25af1ZxvZshsWbJyHW/boxleo.JPG)

**Boxplot shows the performance of both asset prices within a specific time period.**

### Maximim and minimum prices for the stated period

![maxmin.JPG](https://images.hive.blog/DQmbeGLpY6okT7P6dgRLfciBkkDBpNXVRRE5jfmKEx3QkCH/maxmin.JPG)

### Data view mode
![data.JPG](https://images.hive.blog/DQmNXVDfPzqtkonzZLUPf4jTQ9Z56qxDQjNyEpYVtZsXYhK/data.JPG)

### Variable view mode 
![variable.JPG](https://images.hive.blog/DQmT8hKSNyZRBEo3r4CN9kt6HUrYYVoKVcHKjs4PwzzHvZB/variable.JPG)

Thanks for reading

👍 leo.voter, pibara, brotherhood, helix, futile, mamalikh13, bartosz546, achimmertens, bitrocker2020, sorin.cristescu, traderhive, beta500, communitybank, atheistrepublic, onealfa, akdx, raiseup, robvector, dlike, onwugbenuvictor, megavest, jmsansan.leo, roleerob, bnb-hive, p-hive, organduo, pwrup, mulletwang, roguewriter, simba, fantasycrypto, gadrian, dafizzle, rcaine, kristall97, the.success.club, mammasitta, alkeverse, leofinance, elizabeth-22, genepoolrentsclr, netzisde, stimp-bank, free999enigma, starfighter, sam99, sorin.lite, daniky, swirly, steemromania, marivic10, gohive, steentijd, uwelang, steemegg, dumitriu, kaylinart, bhdc, popsiclezone, techken, haccolong, benkweller, botefarm, yuki-nee, and 277 others

`author`	iniobong3emm
`permlink`	testing-for-correlation-between-chain-link-link-and-leofinance-wleo-assets-june4-september-22-2022
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922","leo","chainlink","leofinance","neoxian","creativecoin","indiaunited","waivio"],"image":["https://images.hive.blog/DQmfJRpbpShDzKJEvm49vaAUMR8bRyKS8oMrHxgRP6fTALb/real%20correla.JPG","https://images.hive.blog/DQmWnMQvqqa1bqySg3RQZnk9hCLx7GpEH7Et8H5jHmrnaaZ/scatter.JPG","https://images.hive.blog/DQmQFBut1Fo38BokozQSexuGWSYTdnnjUJM9vW2BckhJzi9/boxchain.JPG","https://images.hive.blog/DQmPKSmAVubqXbRLQXVwCZ2aCvhif25af1ZxvZshsWbJyHW/boxleo.JPG","https://images.hive.blog/DQmbeGLpY6okT7P6dgRLfciBkkDBpNXVRRE5jfmKEx3QkCH/maxmin.JPG","https://images.hive.blog/DQmNXVDfPzqtkonzZLUPf4jTQ9Z56qxDQjNyEpYVtZsXYhK/data.JPG","https://images.hive.blog/DQmT8hKSNyZRBEo3r4CN9kt6HUrYYVoKVcHKjs4PwzzHvZB/variable.JPG"],"app":"hiveblog/0.1","format":"markdown"}
`created`	2022-09-28 02:47:03
`last_update`	2022-09-28 02:47:03
`depth`	0
`children`	0
`last_payout`	2022-10-05 02:47:03
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	4.146 HBD
`curator_payout_value`	4.062 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	2,470
`author_reputation`	33,970,703,640,107
`root_title`	"Testing For Correlation Between Chain Link (Link) And Leofinance (wleo) Assets (June4 – September 22, 2022)"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	116,994,580
`net_rshares`	13,203,939,697,049
`author_curate_reward`	""

properties (23)vote details (341)

voter	rshares	pct
simba	27,724,218,151	32.5%
onealfa	64,026,908,243	6.66%
justtryme90	622,864,970	32.5%
kaylinart	11,641,755,209	29.25%
mammasitta	21,249,508,333	6.5%
marsresident	698,238,176	32.5%
diana.catherine	2,411,190,439	25%
nascimentoab	1,767,111,644	32.5%
fiveboringgames	1,935,772,386	43.87%
joshglen	4,224,878,469	32.5%
psygambler	5,316,655,062	32.5%
randomblock1	4,709,004,226	65%
sc-steemit	1,137,189,716	32.5%
uwelang	12,182,266,508	5.6%
roguewriter	27,868,141,692	32.5%
dashfit	6,575,637,602	32.5%
hoboway	803,696,925	32.5%
daj	634,772,414	32.5%
valth	8,597,374,660	29.25%
ihsan19	698,067,875	65%
yuslindwi	924,100,332	32.5%
sixexgames	3,924,946,509	32.5%
diebaasman	989,956,489	29.25%
macbaren	580,996,845	29.25%
daniel.dalo	2,159,109,281	29.25%
more4less	2,488,547,513	65%
l337m45732	1,186,758,561	2.8%
mrstaf	1,361,040,818	32.5%
bitrocker2020	82,932,206,792	7%
carolynseymour	537,445,533	29.25%
christianolu	1,037,060,852	90%
jamjamfood	8,752,999,355	29.25%
slefesteem	549,792,101	32.5%
friesennerz	1,659,791,497	32.5%
sam99	13,929,801,149	21%
pibara	327,366,819,498	100%
techken	11,036,630,364	14.62%
zacherybinx	5,652,529,207	32.5%
makrotheblack	2,797,925,850	32.5%
elbiasto	826,316,706	29.25%
blackmagic	2,212,666,244	65%
urchice	652,533,970	32.5%
fatherfaith	663,886,428	32.5%
instantania.cat	852,011,750	29.25%
colmedwardsphoto	3,208,053,652	65%
mamalikh13	93,729,831,302	32.5%
thauerbyi	1,954,404,817	12.6%
jeanlucsr	1,551,956,103	2.8%
leyla5	826,544,106	29.25%
coolbuddy	816,144,658	29.25%
pearlumie	1,015,438,931	32.5%
free999enigma	15,358,168,599	25%
mulletwang	31,491,900,777	100%
hundlola	494,418,562	32.5%
rheda	691,390,598	29.25%
tezzmax	1,067,304,058	32.5%
helix	128,384,833,379	100%
tochprince	1,137,324,513	32.5%
sorin.cristescu	77,791,983,012	14.62%
roleerob	38,299,052,276	7%
minnowpowerup	8,598,047,441	29.25%
steemnaira	536,585,760	58.5%
tolarnee	769,091,532	32.5%
bcrafts	1,413,183,103	13%
rahjuhnoh	1,586,943,157	100%
markmorbidity	2,019,055,623	29.25%
toocurious	5,000,635,215	29.25%
kevinbacon	868,701,965	100%
happychild	1,011,322,165	29.25%
khaleelkazi	8,464,896,831	14%
silasvogt	532,537,800	32.5%
bartosz546	89,164,309,138	32.5%
dreamm	1,861,321,591	32.5%
battebilly	8,976,006,218	32.5%
dejan.vuckovic	5,257,142,564	23.4%
airhawk-project	1,548,337,671	65%
odebgaming	896,191,113	65%
kdee916	4,411,728,167	32.5%
senorcoconut	2,263,463,616	3.5%
kerry234	537,749,581	65%
dumitriu	11,881,304,717	29.25%
craigahamilton	609,495,396	5.85%
fredkese	3,466,919,724	20%
mirfaner	514,162,896	65%
tboyloyal	873,032,277	32.5%
hrhmikelength	887,755,735	32.5%
berkaytekinsen	1,286,141,662	65%
ecuaminte	7,358,270,499	43.87%
danile666	3,072,098,771	55.57%
motivatorjoshua	1,318,614,875	65%
suzn.poudel	2,429,559,273	29.25%
mhm-philippines	657,309,452	32.5%
sunnyali	618,908,758	14.62%
xanderslee	4,573,794,512	65%
joannewong	505,038,379	7%
alexandraioana26	5,829,292,632	14.62%
enjoyy	686,358,089	32.5%
amarbir	1,175,256,416	50%
funshel	647,037,693	32.5%
lextenebris	2,387,267,433	29.25%
tomatom	6,474,579,928	32.5%
akumar	1,506,680,311	65%
kingsolo	1,218,969,992	58.5%
brotherhood	319,309,809,091	32.5%
azmielbanjary	2,009,137,423	32.5%
thedrewshow	495,245,558	65%
benie111	4,058,524,765	26%
cmmemes	5,763,842,904	100%
sholly1	3,594,944,318	26%
eprolific	5,074,243,450	65%
communitybank	67,733,065,507	65%
osarueseosato	2,369,067,004	65%
jigstrike	8,218,349,461	32.5%
airhawk-exchange	1,324,764,636	65%
purefood	1,195,084,017	14%
mrxplicit	904,849,154	65%
steemboat-steve	1,323,681,059	16.25%
riovanes	6,609,604,518	100%
durianwalker	6,436,802,611	58.5%
k-banti	1,899,395,032	32.5%
cheesom	611,937,002	32.5%
vibekilla	625,641,470	29.25%
fantasycrypto	26,636,432,653	32.5%
oredebby	2,019,028,576	32.5%
dimsyto	5,041,640,988	65%
photohunter2	720,945,719	32.5%
preciousimo	1,034,348,681	65%
sportsconnect	2,270,112,888	65%
alexdory	3,028,572,498	29.25%
aotearoa	3,346,239,899	29.25%
organduo	32,589,986,649	14%
dumnebari	1,825,774,584	29.25%
sodrill	662,584,981	52%
atjehsteemit	599,510,791	32.5%
sunshinebear	1,089,577,712	32.5%
nucleus-tezz	506,485,235	32.5%
ahmetchef	545,271,419	29.25%
botefarm	9,576,806,356	70%
carloniere	642,665,910	65%
pwrup	32,332,668,767	29.25%
laviniatherapist	1,183,733,004	24.86%
blainjones	5,010,654,410	5.85%
bookoons	516,347,730	32.5%
gadrian	24,307,620,230	5.6%
elizabeth-22	16,962,980,676	32.5%
adamdo	704,301,939	58.5%
achimmertens	85,724,741,462	32.5%
jacksondavies	1,704,203,705	32.5%
break-out-trader	5,549,610,942	14%
thomaskatan	1,303,790,026	45.5%
steemromania	12,865,170,761	29.25%
benkweller	10,091,647,785	5.85%
netzisde	16,583,019,697	32.5%
nigerian-yogagal	522,490,306	29.25%
akdx	52,104,362,450	29.25%
rachelleignacio	955,618,826	32.5%
steemxp	827,620,372	7%
realkiki85	4,780,348,942	100%
marcuz	1,763,141,728	29.25%
dawizy	1,089,021,115	52%
hardaeborla	3,664,192,379	32.5%
futile	102,136,928,223	100%
ihal0001	698,646,486	32.5%
haccolong	10,424,379,865	17.55%
femseen	999,326,348	70%
steemian258	3,957,808,116	32.5%
fabrik	2,375,433,834	65%
gallerani	801,633,848	14%
juanhobos	535,693,161	32.5%
montanacellist	2,768,260,679	32.5%
mastersa	1,682,644,271	32.5%
ezunjoshy	791,624,986	32.5%
yestermorrow	3,825,895,237	9.75%
marivic10	12,728,949,991	32.5%
lux-witness	2,462,537,941	21.93%
ireenchew	5,462,193,105	9.79%
viruk	3,828,206,402	58.5%
cynicalcake	895,559,811	32.5%
hoaithu	3,940,011,751	14.91%
raiseup	51,611,880,612	14%
minnowspeed	3,814,589,651	50%
riottales	570,646,920	32.5%
dlike	43,700,413,850	14%
anhvu	2,676,510,117	14.04%
diyanti86	1,053,006,318	29.25%
yuki-nee	9,191,777,385	100%
reteem	636,143,129	17.55%
jenniferjulius	1,406,503,715	32.5%
angoujkalis	842,683,193	32.5%
predict-crypto	2,336,874,138	1.3%
the.success.club	22,223,357,327	29.25%
anroja	3,456,626,847	58.5%
edward-abu	547,077,502	65%
stimp-bank	15,951,819,582	29.25%
topworlds	2,626,934,797	58.5%
minhaz007	2,343,771,420	29.25%
brwhale	544,875,660	100%
kristall97	22,755,049,651	100%
madmanmusic	630,791,820	29.25%
astrochologist	2,987,805,683	29.25%
ennydee	529,290,035	32.5%
starbooks	2,105,910,824	32.5%
sorin.lite	13,813,181,359	29.25%
martinstomisin	2,024,037,982	32.5%
kork75	7,492,003,231	32.5%
fire451	1,398,828,406	65%
starfighter	13,990,352,983	65%
steemegg	12,015,115,601	32.5%
ragnarhewins90	1,551,242,905	29.25%
jtm.support	2,474,498,657	32.5%
anonsteve	5,882,356,060	14%
flyingbolt	979,843,670	14%
apokruphos	8,812,173,685	3%
synergized	987,112,576	32.5%
ava77	502,926,629	22.75%
anna.kathaxrina	709,339,137	32.5%
parth7878	1,130,302,776	32.5%
lolasophiedanton	1,934,163,461	100%
jackramsey	6,157,009,531	45.5%
hungryanu	1,309,539,796	19.5%
zackarie	716,144,648	32.5%
swirly	12,891,562,922	32.5%
megavest	38,828,293,063	14%
maclevis	3,892,563,410	29.25%
digitalmack	884,567,631	32.5%
travelwritemoney	4,584,444,884	14%
psyo	3,802,123,940	32.5%
tomlee	7,702,401,076	32.5%
leo.voter	9,881,065,951,947	14%
hyborian-strain	757,931,806	9.75%
babytarazkp	3,246,066,241	40%
asteroids	1,009,736,211	14%
beta500	69,036,110,199	65%
coinlogic.online	2,028,568,260	7%
chloem	1,979,159,037	14%
qwertm	2,051,388,005	29.25%
atheistrepublic	67,299,814,196	32.5%
rcaine	23,219,109,188	11.7%
hjmarseille	1,179,609,664	29.25%
itzninjafool	1,193,331,689	29.25%
leofinance	19,064,529,646	14%
spiritking	838,676,232	100%
x9ed1732b	2,859,944,518	6.3%
thepeakstudio	516,461,334	29.25%
penned-bullshit	719,983,313	50%
mami.sheh7	1,728,236,465	29.25%
abkevwe	707,789,598	32.5%
hive-id	540,275,479	32.5%
beehivetrader	527,071,145	7%
daniky	13,521,197,289	16.25%
hive-homeland	610,681,014	32.5%
jsalvage	841,624,330	32.5%
filosbonus1	609,095,104	29.25%
ilovegames	4,250,800,443	13%
gohive	12,560,421,670	100%
tajimkhan	1,436,355,803	32.5%
cryptosimplify	497,742,923	14%
goliathus	1,514,496,347	58.5%
jobonlineclub	499,479,331	29.25%
wrapped-leo	2,291,736,583	14%
casilokodesing	723,137,988	32.5%
smileon	1,007,844,737	29.25%
reonarudo	889,862,623	7%
jmsansan.leo	38,317,547,481	29.25%
leo.tokens	1,181,713,358	14%
lancergrows	653,383,782	32.5%
vonzeppelin	1,222,771,489	32.5%
shamzy	2,165,382,796	32.5%
traderhive	71,708,628,067	65%
cbridges573	1,695,949,834	5.85%
tomlee.sports	493,792,056	32.5%
din0baba	739,984,611	32.5%
robvector	43,972,063,385	32.5%
b-leo	2,468,655,785	14%
eythorphoto	952,521,458	32.5%
maxelitereturned	1,597,584,564	32.5%
popsiclezone	11,434,969,884	29.25%
zarnoex	460,145,093	32.5%
counterterrorism	1,665,108,827	32.5%
statico	1,042,319,459	29.25%
chuxter	1,215,261,164	32.5%
xaviduran	1,045,209,496	32.5%
mirteg	811,279,701	29.25%
joseph23	533,530,091	6.66%
steentijd	12,502,190,950	29.25%
psychoinker	493,411,211	20%
kalivankush	1,022,932,794	32.5%
blackman15	516,374,596	32.5%
instamental	1,751,825,431	29.25%
onwugbenuvictor	39,818,382,867	100%
rencongland	6,833,021,566	32.5%
banzafahra	809,773,042	7%
cugel	1,492,519,883	7%
martinthemass	496,708,317	100%
era120	1,272,283,296	58.5%
emd012	1,525,578,717	29.25%
kushyzee	609,388,046	7%
eustace-kidd	1,109,359,927	32.5%
highhaschdi	803,489,993	32.5%
poggersdude	1,171,207,984	32.5%
dafiz	1,030,360,825	58.5%
nkemakonam89	6,345,019,887	32.5%
kayntan	2,307,066,956	32.5%
simsahas	679,071,531	32.5%
iumac03	6,815,663,732	32.5%
jsynnthagr8	750,138,070	32.5%
qoogohome	737,631,710	29.25%
saboin.leo	82,793,981	18%
hoffmeister84	1,333,120,878	29.25%
femcy-willcy	528,287,749	14%
derfabs	2,851,089,559	100%
lynliss	570,423,178	29.25%
jkeen33	5,594,438,829	48.75%
ak08	1,305,529,190	65%
netvalar	4,086,774,749	50%
lukasbachofner	5,378,917,034	17.55%
grabapack	2,576,175,878	7%
perinator	1,051,828,660	32.5%
egboncass	1,132,904,925	17.55%
talon12	1,787,774,893	29.25%
p-leo	2,071,987,447	14%
carpemeridiem	1,461,521,582	29.25%
khaltok	1,131,063,150	14%
bhdc	11,557,282,636	32.5%
b8l	1,704,278,130	100%
plicc8	1,131,569,735	11.2%
doctyppierre	881,377,908	32.5%
conodev	1,273,684,307	100%
alkeverse	19,194,848,920	65%
fasacity	2,356,814,879	50%
cindynancy	594,073,357	32.5%
plicre	6,509,297,104	100%
p-hive	33,491,425,986	14%
genepoolrentsclr	16,585,886,892	32.5%
era131	2,150,773,196	32.5%
rent-an-ape	5,657,626,740	32.5%
vankushfamily	621,670,764	32.5%
anvildrak	1,725,513,508	100%
bnb-hive	35,474,532,410	14%
dafizzle	23,509,692,400	58.5%
noodlypanda	496,851,046	32.5%