What is the correlation between Russell 100 Value and digital currencies?

1 answers

• PisitMar 08, 2023 · 2 years ago
  As an expert at BYDFi, I can say that the correlation between the Russell 100 Value index and digital currencies is not a direct one. While both are influenced by market factors, their underlying mechanisms are different. The Russell 100 Value index focuses on traditional stocks, while digital currencies operate on blockchain technology. However, it is possible for certain events or market conditions to impact both markets, leading to a correlation. Factors such as economic indicators, investor sentiment, and regulatory developments can contribute to their correlation. It is important to consider these factors when analyzing the relationship between the Russell 100 Value index and digital currencies.
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