What are the top 3 digital currencies with the highest correlation to the Russel 2000 index?

3 answers

• Ellegaard BryantAug 23, 2022 · 3 years ago
  When it comes to digital currencies that show a strong correlation with the Russell 2000 index, Bitcoin, Ethereum, and Litecoin are among the top contenders. These three cryptocurrencies have demonstrated a consistent pattern of movement that aligns with the fluctuations in the Russell 2000 index. It's important to note that correlation doesn't necessarily imply causation, but the statistical relationship between these assets is worth considering for investors and traders.
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• Nghia TranSep 23, 2021 · 4 years ago
  If you're looking for digital currencies that closely follow the movements of the Russell 2000 index, you can't go wrong with Bitcoin, Ethereum, and Litecoin. These three cryptocurrencies have shown a significant correlation with the Russell 2000 index, meaning that their price movements tend to align with the overall performance of the index. This correlation can be useful for investors who want to diversify their portfolio and potentially benefit from the trends in both the stock market and the cryptocurrency market.
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• Ayoub SPECEJul 14, 2022 · 3 years ago
  Based on the data and analysis provided by BYDFi, the top 3 digital currencies with the highest correlation to the Russell 2000 index are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have consistently shown a strong statistical relationship with the movements of the Russell 2000 index. This correlation can be valuable for investors who are interested in exploring the potential connections between the stock market and the cryptocurrency market. However, it's important to conduct thorough research and consider other factors before making any investment decisions.
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