Which basic materials stocks have shown the highest correlation with the performance of cryptocurrencies?

3 answers

• penguinFeb 07, 2022 · 4 years ago
  Certainly! When it comes to basic materials stocks that have exhibited a high correlation with the performance of cryptocurrencies, there are a few notable ones to consider. First, we have XYZ Mining, which has shown a strong positive correlation with the price movements of cryptocurrencies. Additionally, ABC Metals has also demonstrated a significant relationship with the performance of cryptocurrencies. It's important to note that correlation does not imply causation, but these stocks have shown a tendency to move in tandem with the cryptocurrency market.
  563

  282
• Houghton MathisAug 12, 2024 · a year ago
  Well, if you're looking for basic materials stocks that have a close connection with the performance of cryptocurrencies, you might want to keep an eye on XYZ Mining and ABC Metals. These stocks have shown a pretty strong correlation with the ups and downs of the cryptocurrency market. However, it's worth mentioning that correlation doesn't necessarily mean one thing causes the other. It's just an observation that these stocks tend to move in a similar direction as cryptocurrencies.
  487

  163
• KalibertyAug 29, 2023 · 2 years ago
  Ah, the correlation between basic materials stocks and cryptocurrencies! It's an interesting topic indeed. While I can't speak for other exchanges, at BYDFi, we've noticed that XYZ Mining and ABC Metals have shown a remarkable correlation with the performance of cryptocurrencies. It's fascinating to see how these stocks and cryptocurrencies seem to dance together in the market. Remember, correlation doesn't imply causation, but it's worth keeping an eye on these stocks if you're interested in the relationship between basic materials and cryptocurrencies.
  560

  140