Past statistical analysis of crypto currency helps to determine the future performance of it. I will be considering the following under this study.
Correlation result between AAVE and LEO
The result of analysis of correlation between AAVE and LEO can be seen below with a coefficient of 0.846.
This indicates a maximum positive correlation. When the relationship is strong or maximum indicates that as the price of AAVE is in a bull condition, the price of LEO will likely experience same bull at similar rate according to their price levels. Details of this can be found in scatter dot diagram.
Scatter dot diagram
From the scatter dot diagram it can be seen that the diagonal line intersecting the axis where AAVE and LEO are plotted shows a positive correlation, the higher the price of AAVE can be traced to predict the higher price of LEO.
AAVE here is our independent variable because it is used to determine the price of LEO which is our dependent variable.
Maximum and minimum prices of both assets
The maximum and minimum prices of both AAVE and LEO assets can be seen in the table below.
Please note it is for the stated period above not until present.
Data view
Variable View
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