What is the correlation between the Riotinto share price on the LSE and the performance of major cryptocurrencies?

3 answers

• Nov 28, 2021 · 3 years ago
  There is a potential correlation between the Riotinto share price on the LSE and the performance of major cryptocurrencies. As both Riotinto and cryptocurrencies are influenced by market trends and investor sentiment, it is possible for changes in the share price of Riotinto to impact the value of cryptocurrencies. However, it is important to note that correlation does not necessarily imply causation, and other factors such as global economic conditions and regulatory developments can also influence both Riotinto shares and cryptocurrencies. It would be advisable to conduct further research and analysis to determine the extent of the correlation and any potential causal relationship between the two.
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• Nov 28, 2021 · 3 years ago
  The correlation between the Riotinto share price on the LSE and the performance of major cryptocurrencies is a topic of interest among investors and analysts. While some argue that there is a relationship due to the influence of market sentiment and investor behavior, others believe that the two are independent and driven by different factors. It is important to consider the unique characteristics and dynamics of both Riotinto shares and cryptocurrencies when assessing their correlation. Factors such as company performance, industry trends, regulatory developments, and overall market conditions can all play a role in determining the relationship between the two.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we have observed a moderate correlation between the Riotinto share price on the LSE and the performance of major cryptocurrencies. This correlation is likely due to the influence of broader market trends and investor sentiment. When Riotinto shares experience significant price movements, it can create a ripple effect in the market, impacting the value of cryptocurrencies. However, it is important to note that correlation does not imply causation, and other factors such as macroeconomic indicators and regulatory changes can also influence both Riotinto shares and cryptocurrencies. It is recommended to closely monitor market trends and conduct thorough analysis before making investment decisions based on this correlation.
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