Here is the solution and explanation. Hope you find it useful.
The most likely value for the pearson r is near 0.
The trivial reason is since the data is circular in nature, there is no linear relationship between the two varieties.
assuming there are n observations.
Note that these values are such that the circle has centre near and . A easy interpretation would be :
In the graph of a circular cluster note that if you draw a line perpendicular to the x-axis at some value of x then it touches several y points in the cluster, i.e. for some x x val there are several y values. Then the sum in then for some specific there are say y observations. And say i = 1,2,..,n.
Then .
The sum can be written in this way since for each x observation there are multiple y observation. And those y observations when summed about their mean should give 0.
So the numerator of Pearson r becomes zero.
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