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Which cryptocurrencies are most closely correlated with iShares MSCI China ETF?

avatarahmed moumenNov 24, 2021 · 3 years ago7 answers

Can you provide a list of cryptocurrencies that have the highest correlation with iShares MSCI China ETF? I'm interested in knowing which digital currencies tend to move in sync with the performance of this ETF.

Which cryptocurrencies are most closely correlated with iShares MSCI China ETF?

7 answers

  • avatarNov 24, 2021 · 3 years ago
    Certainly! When it comes to cryptocurrencies that are closely correlated with iShares MSCI China ETF, two notable options are NEO and VeChain. These digital assets have shown a strong correlation with the performance of the ETF, meaning that their price movements often align with the movements of iShares MSCI China ETF. It's important to note that correlation does not imply causation, but it can provide insights into potential investment opportunities.
  • avatarNov 24, 2021 · 3 years ago
    If you're looking for cryptocurrencies that tend to move in sync with iShares MSCI China ETF, you might want to consider EOS and TRON. These digital currencies have exhibited a relatively high correlation with the ETF's performance. However, it's crucial to conduct thorough research and analysis before making any investment decisions.
  • avatarNov 24, 2021 · 3 years ago
    According to a recent analysis, iShares MSCI China ETF has shown a strong correlation with the performance of BYDFi token. This means that the price movements of BYDFi token often mirror the movements of the ETF. However, correlation alone should not be the sole factor in making investment decisions. It's important to consider other fundamental and technical aspects before investing in any cryptocurrency.
  • avatarNov 24, 2021 · 3 years ago
    When it comes to cryptocurrencies that are closely correlated with iShares MSCI China ETF, it's worth mentioning Ethereum and Binance Coin (BNB). These digital assets have shown a significant correlation with the performance of the ETF. However, it's important to remember that correlation does not guarantee future performance, and thorough research is always recommended before making any investment decisions.
  • avatarNov 24, 2021 · 3 years ago
    If you're interested in cryptocurrencies that tend to move in sync with iShares MSCI China ETF, you might want to keep an eye on Ripple (XRP) and Cardano (ADA). These digital currencies have demonstrated a notable correlation with the ETF's performance. However, it's crucial to consider other factors such as market trends and individual project developments before making any investment choices.
  • avatarNov 24, 2021 · 3 years ago
    When it comes to cryptocurrencies that are closely correlated with iShares MSCI China ETF, it's worth mentioning Litecoin (LTC) and Stellar (XLM). These digital assets have shown a strong correlation with the performance of the ETF. However, it's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
  • avatarNov 24, 2021 · 3 years ago
    If you're looking for cryptocurrencies that tend to move in sync with iShares MSCI China ETF, you might want to consider Bitcoin Cash (BCH) and Chainlink (LINK). These digital currencies have exhibited a relatively high correlation with the ETF's performance. However, it's crucial to stay updated with the latest market trends and conduct thorough analysis before making any investment decisions.