common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

Which cryptocurrencies are most closely associated with the value of Adidas stock?

avatarAnrik GaborNov 28, 2021 · 3 years ago1 answers

Can you tell me which cryptocurrencies have the strongest correlation with the value of Adidas stock? I'm interested in understanding how the performance of certain cryptocurrencies might be influenced by the performance of Adidas stock.

Which cryptocurrencies are most closely associated with the value of Adidas stock?
Cryptocurrencies
Adidas Stock
Correlation

1 answers

  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we have observed that Bitcoin and Ethereum are the cryptocurrencies that are most closely associated with the value of Adidas stock. This is likely due to their large market capitalization and widespread adoption. However, it's important to note that correlation does not imply causation, and the relationship between cryptocurrencies and the value of Adidas stock may change over time. It's always a good idea to diversify your investment portfolio and consider a range of factors when making investment decisions.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions