Which European water stocks have shown the highest correlation with the performance of popular cryptocurrencies?

1 answers

• Nov 24, 2021 · 3 years ago
  The correlation between European water stocks and popular cryptocurrencies is an interesting topic to explore. While the relationship between these two sectors may not be as strong as in other industries, there are still some stocks that have shown a noticeable correlation. One example is Veolia Environnement SA, a French water and waste management company. Veolia's stock price has shown a moderate positive correlation with the performance of popular cryptocurrencies. Another stock to consider is Suez SA, also a French water and waste management company. Suez's stock price has shown a similar correlation with the cryptocurrency market. It's important to note that correlation does not imply causation, and the relationship between these stocks and cryptocurrencies may be influenced by various factors. However, monitoring the correlation can provide insights into potential investment opportunities.
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