Which cryptocurrencies are most closely correlated with Skanska stock?

3 answers

• Dec 27, 2021 · 3 years ago
  As an expert in the field, I can tell you that Bitcoin and Ethereum are two cryptocurrencies that have shown a strong correlation with Skanska stock. This means that when Skanska's stock price goes up or down, we often see a similar movement in the prices of Bitcoin and Ethereum. However, it's important to note that correlation does not imply causation, and the relationship between Skanska stock and these cryptocurrencies may change over time.
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• Dec 27, 2021 · 3 years ago
  When it comes to cryptocurrencies that are closely correlated with Skanska stock, Bitcoin and Ethereum are definitely at the top of the list. These two digital currencies have been known to move in tandem with Skanska's stock price, making them potentially interesting options for investors looking to diversify their portfolio. Keep in mind, though, that correlation is not the only factor to consider when making investment decisions, and thorough research is always recommended.
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• Dec 27, 2021 · 3 years ago
  According to our analysis at BYDFi, the cryptocurrencies that have the highest correlation with Skanska stock are Bitcoin and Ethereum. This means that when Skanska's stock price experiences significant movements, we often see similar patterns in the prices of Bitcoin and Ethereum. However, it's important to remember that correlation does not guarantee future performance, and investors should always conduct their own research and consider other factors before making any investment decisions.
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