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Which cryptocurrencies are most closely correlated with Riot stock after hours?

avatarTim PitcaithlyDec 26, 2021 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that have the highest correlation with Riot stock during after-hours trading? I'm interested in knowing which digital currencies tend to move in sync with Riot stock after the regular trading hours. It would be helpful to have an idea of which cryptocurrencies are most closely tied to Riot's performance during this time period.

Which cryptocurrencies are most closely correlated with Riot stock after hours?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    During after-hours trading, cryptocurrencies that are closely correlated with Riot stock include Bitcoin, Ethereum, and Litecoin. These three cryptocurrencies have shown a strong positive correlation with Riot stock price movements after regular trading hours. It's important to note that correlation does not imply causation, but historically, these cryptocurrencies have tended to move in sync with Riot stock during after-hours trading. It's always a good idea to conduct your own research and analysis before making any investment decisions.
  • avatarDec 26, 2021 · 3 years ago
    After hours, Riot stock has shown a close correlation with cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. These digital currencies have often mirrored the price movements of Riot stock during this time period. However, correlation does not guarantee future performance, so it's essential to consider other factors and conduct thorough research before making any investment decisions. Keep in mind that the cryptocurrency market is highly volatile, and prices can change rapidly even during after-hours trading.
  • avatarDec 26, 2021 · 3 years ago
    After hours, Riot stock has been observed to have a strong correlation with cryptocurrencies like Bitcoin, Ethereum, and Litecoin. These digital currencies have shown similar price movements to Riot stock during after-hours trading. However, it's important to remember that correlation does not necessarily imply causation, and other factors can influence the price movements of both Riot stock and cryptocurrencies. It's always recommended to consult with a financial advisor and conduct your own analysis before making any investment decisions. Please note that this information is based on historical data and past performance is not indicative of future results.