Which cryptocurrencies have a higher beta compared to the S&P 500?
farshad jamshidiDec 25, 2021 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that have a higher beta compared to the S&P 500? I'm interested in knowing which cryptocurrencies are more volatile and have a stronger correlation with the overall stock market.
3 answers
- Dec 25, 2021 · 3 years agoSure! When it comes to cryptocurrencies with higher beta compared to the S&P 500, some notable ones include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are known for their high volatility and tend to have a stronger correlation with the stock market. It's important to note that beta measures the sensitivity of an asset's price movements in relation to the overall market. So, if you're looking for cryptocurrencies that closely follow the ups and downs of the stock market, these are some to keep an eye on.
- Dec 25, 2021 · 3 years agoWell, if you're looking for cryptocurrencies that have a higher beta compared to the S&P 500, you're in for a wild ride! Bitcoin, Ethereum, and other major cryptocurrencies are known for their rollercoaster-like price movements. They can be highly volatile and are often influenced by market sentiment and overall market trends. So, if you're comfortable with the ups and downs of the stock market, these cryptocurrencies might be worth considering.
- Dec 25, 2021 · 3 years agoAccording to our analysis at BYDFi, the cryptocurrencies that have a higher beta compared to the S&P 500 include Bitcoin, Ethereum, and Ripple. These cryptocurrencies have shown a stronger correlation with the stock market and tend to be more volatile. However, it's important to remember that beta is just one measure of volatility and correlation. It's always a good idea to do your own research and consider other factors before making any investment decisions.
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