Are there any specific cryptocurrencies that are more sensitive to the mean absolute deviation based on a 2-day moving average?
Akshay A SNov 29, 2021 · 3 years ago3 answers
Can you provide a list of specific cryptocurrencies that exhibit higher sensitivity to the mean absolute deviation when calculated based on a 2-day moving average? I'm interested in understanding which cryptocurrencies are more likely to experience larger deviations from the average price over a 2-day period.
3 answers
- Nov 29, 2021 · 3 years agoCertainly! When it comes to cryptocurrencies, there are a few that tend to be more sensitive to mean absolute deviation based on a 2-day moving average. Bitcoin, Ethereum, and Ripple are among the most notable ones. These cryptocurrencies have larger market capitalizations and higher trading volumes, which can contribute to increased sensitivity to price fluctuations. However, it's important to note that sensitivity to mean absolute deviation can vary over time and is influenced by various factors such as market conditions and investor sentiment.
- Nov 29, 2021 · 3 years agoAbsolutely! Some specific cryptocurrencies that are known to be more sensitive to mean absolute deviation based on a 2-day moving average include Litecoin, Cardano, and Polkadot. These cryptocurrencies have shown higher volatility in the past, which can result in larger deviations from the average price over a 2-day period. However, it's important to keep in mind that cryptocurrency markets are highly dynamic and subject to various factors, so sensitivity to mean absolute deviation can change over time.
- Nov 29, 2021 · 3 years agoAs an expert from BYDFi, I can confirm that there are certain cryptocurrencies that exhibit higher sensitivity to mean absolute deviation when calculated based on a 2-day moving average. Some examples include Bitcoin Cash, Chainlink, and Stellar. These cryptocurrencies have demonstrated a tendency to experience larger deviations from the average price over a 2-day period. However, it's worth noting that sensitivity to mean absolute deviation can be influenced by market conditions, trading volumes, and other factors. It's always recommended to conduct thorough research and analysis before making any investment decisions.
Related Tags
Hot Questions
- 82
How can I buy Bitcoin with a credit card?
- 81
What are the advantages of using cryptocurrency for online transactions?
- 70
What is the future of blockchain technology?
- 70
How can I protect my digital assets from hackers?
- 62
How can I minimize my tax liability when dealing with cryptocurrencies?
- 55
Are there any special tax rules for crypto investors?
- 46
What are the best digital currencies to invest in right now?
- 40
What are the tax implications of using cryptocurrency?