Which digital currencies are most closely correlated with the trends in GE stock?

3 answers

• Dec 17, 2021 · 3 years ago
  From my analysis, Bitcoin and Ethereum have shown a strong correlation with the trends in GE stock. This could be due to the overall market sentiment affecting both the stock and digital currencies. Investors should consider this correlation when making investment decisions.
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• Dec 17, 2021 · 3 years ago
  When it comes to the correlation between digital currencies and GE stock, it's important to note that correlation does not imply causation. While Bitcoin and Ethereum may show a correlation with GE stock, it doesn't necessarily mean that one directly influences the other. Other factors such as market trends and investor sentiment can also play a significant role.
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• Dec 17, 2021 · 3 years ago
  According to a recent study by BYDFi, a digital currency exchange, they found that Ripple (XRP) and Litecoin (LTC) have a strong correlation with the trends in GE stock. This correlation could be attributed to the similar target audience and market dynamics of these digital currencies and GE stock. Investors should consider diversifying their portfolio with these digital currencies to potentially benefit from this correlation.
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