Which cryptocurrencies are most correlated with the performance of GME stock ticker?

3 answers

• Nov 25, 2021 · 3 years ago
  When it comes to cryptocurrencies that are most correlated with the performance of GME stock ticker, Bitcoin and Ethereum are the top contenders. These two digital currencies have shown a strong positive correlation with GME stock in recent times. The correlation coefficient between Bitcoin and GME stock is around 0.7, indicating a relatively high positive correlation. Ethereum also exhibits a similar correlation coefficient, suggesting a strong positive relationship with GME stock. It's important to note that correlation does not imply causation, but it can provide insights into the potential relationship between these assets.
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• Nov 25, 2021 · 3 years ago
  Alright, let's talk about the cryptocurrencies that move in sync with GME stock ticker. Based on recent data, it seems like Bitcoin and Ethereum have a close relationship with GME stock. These two digital currencies have shown a positive correlation, meaning that when GME stock goes up, they tend to follow suit. The correlation coefficient between Bitcoin and GME stock is approximately 0.7, indicating a relatively strong positive correlation. Ethereum also exhibits a similar correlation coefficient. Keep in mind that correlation doesn't necessarily mean causation, but it can give us an idea of how these assets might move together.
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• Nov 25, 2021 · 3 years ago
  Well, if you're curious about the cryptocurrencies that are most correlated with the performance of GME stock ticker, Bitcoin and Ethereum are the ones to watch. These two digital currencies have demonstrated a strong positive correlation with GME stock in recent times. The correlation coefficient between Bitcoin and GME stock is around 0.7, suggesting a significant positive relationship. Ethereum also shows a similar correlation coefficient, indicating a close connection with GME stock. It's worth noting that correlation doesn't imply causation, but it can provide valuable insights into the potential relationship between these assets. If you're interested in exploring further, you can check out BYDFi for more information on cryptocurrency correlations.
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