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Which cryptocurrencies have a correlation with the stock price of Realty Income Corp?

avatarArGoNDec 18, 2021 · 3 years ago3 answers

I'm interested in knowing which cryptocurrencies have a correlation with the stock price of Realty Income Corp. Can you provide any insights on this? I would like to understand if there are any digital currencies that tend to move in sync with the stock price of Realty Income Corp.

Which cryptocurrencies have a correlation with the stock price of Realty Income Corp?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Cryptocurrencies such as Bitcoin and Ethereum have shown some correlation with the stock price of Realty Income Corp. This means that when the stock price of Realty Income Corp goes up or down, there is a tendency for the prices of Bitcoin and Ethereum to move in a similar direction. However, it's important to note that correlation does not imply causation, and the relationship between the stock price of Realty Income Corp and cryptocurrencies may be influenced by various factors.
  • avatarDec 18, 2021 · 3 years ago
    There is no definitive answer to this question as the correlation between cryptocurrencies and the stock price of Realty Income Corp can vary over time. It's important to conduct thorough research and analysis to identify any potential correlations. Factors such as market sentiment, economic conditions, and regulatory developments can all impact the relationship between cryptocurrencies and the stock price of Realty Income Corp.
  • avatarDec 18, 2021 · 3 years ago
    According to data from BYDFi, a digital currency exchange, there has been a moderate correlation between the stock price of Realty Income Corp and cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. This correlation suggests that there may be some influence of the stock price of Realty Income Corp on the prices of these cryptocurrencies. However, it's important to consider other factors and conduct further analysis to fully understand the relationship between these assets.