Which cryptocurrencies are most correlated with MSFT?

3 answers

• May 06, 2022 · 3 years ago
  Certainly! When it comes to cryptocurrencies that are most correlated with MSFT, Bitcoin (BTC) and Ethereum (ETH) are usually the top contenders. These two cryptocurrencies have shown a relatively strong positive correlation with MSFT stock over time. However, it's important to note that correlation does not imply causation, and the relationship between cryptocurrencies and traditional stocks can be influenced by various factors such as market sentiment and overall economic conditions.
  490

  245
• May 06, 2022 · 3 years ago
  Based on historical data, it appears that Bitcoin (BTC) and Ethereum (ETH) have a significant correlation with MSFT stock. This means that when MSFT stock goes up, these cryptocurrencies tend to follow suit, and vice versa. However, it's crucial to remember that correlation doesn't guarantee future performance, and the cryptocurrency market is highly volatile and unpredictable.
  380

  127
• May 06, 2022 · 3 years ago
  According to a study conducted by BYDFi, the top cryptocurrencies that have the highest correlation with MSFT are Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These three cryptocurrencies have consistently shown a strong positive correlation with MSFT stock. However, it's important to diversify your investment portfolio and not solely rely on the correlation between cryptocurrencies and individual stocks. It's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
  537

  135