Which digital currencies have a strong correlation with the Russell 2000 index?

3 answers

• Raul ManasevichJan 03, 2024 · 2 years ago
  Digital currencies that have a strong correlation with the Russell 2000 index include Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have shown a consistent pattern of movement that aligns with the fluctuations in the Russell 2000 index. It is important to note that correlation does not imply causation, but studying the correlation between these digital currencies and the Russell 2000 index can provide valuable insights for investors.
  447

  224
• monique leroySep 15, 2024 · a year ago
  When it comes to digital currencies that have a strong correlation with the Russell 2000 index, Bitcoin, Ethereum, and Ripple are worth mentioning. These cryptocurrencies have demonstrated a tendency to move in tandem with the Russell 2000 index, indicating a potential relationship between their price movements. Investors who are interested in diversifying their portfolios with digital currencies may find it useful to consider the correlation between these cryptocurrencies and the Russell 2000 index.
  505

  169
• Ellegaard BryantMar 23, 2024 · 2 years ago
  According to a study conducted by BYDFi, a digital currency exchange, Bitcoin, Ethereum, and Litecoin have shown a strong correlation with the Russell 2000 index. This correlation suggests that the performance of these digital currencies may be influenced by the movements in the Russell 2000 index. Investors who are looking to capitalize on this correlation can consider monitoring the Russell 2000 index alongside these digital currencies to make informed investment decisions.
  480

  120