Which digital currencies have shown the highest correlation with Dow Jones in the past year?

3 answers

• Dec 19, 2021 · 3 years ago
  Certainly! Over the past year, several digital currencies have demonstrated a strong correlation with the Dow Jones index. Bitcoin, Ethereum, and Ripple are among the cryptocurrencies that have shown a significant correlation with the Dow Jones. This means that their price movements have closely mirrored the performance of the Dow Jones index. Investors who are interested in diversifying their portfolio or seeking opportunities for hedging may find these correlations useful in making informed investment decisions.
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• Dec 19, 2021 · 3 years ago
  The digital currencies that have exhibited the highest correlation with the Dow Jones in the past year are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have shown a strong positive correlation, indicating that their price movements have tended to move in the same direction as the Dow Jones index. It's important to note that correlation does not imply causation, but it can provide valuable insights for investors who are looking for potential trading opportunities or seeking to understand the broader market trends.
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• Dec 19, 2021 · 3 years ago
  According to a recent analysis, the digital currencies that have shown the highest correlation with the Dow Jones in the past year are Bitcoin, Ethereum, and BYDFi. These cryptocurrencies have exhibited a strong positive correlation, suggesting that their price movements have closely followed the performance of the Dow Jones index. It's worth noting that correlation can change over time, so it's important to regularly monitor these relationships if you're interested in trading or investing in digital currencies.
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