Which digital currency is most closely correlated with MSFT stock?

3 answers

• Dec 27, 2021 · 3 years ago
  As an expert in the field of digital currencies, I can tell you that Bitcoin has shown a relatively high correlation with the stock price of MSFT. This is mainly due to the fact that Bitcoin is considered the most established and widely recognized cryptocurrency, and it often attracts investors who are also interested in traditional stocks like MSFT. However, it's important to note that correlation does not imply causation, and the relationship between Bitcoin and MSFT stock may change over time.
  501251
• Dec 27, 2021 · 3 years ago
  Well, when it comes to the correlation between digital currencies and the stock market, it's a bit tricky. While some studies have suggested that Bitcoin has a positive correlation with the stock price of MSFT, others have found no significant relationship. So, it's hard to say for sure which digital currency is most closely correlated with MSFT stock. It's always a good idea to do your own research and consult with financial experts before making any investment decisions.
  477159
• Dec 27, 2021 · 3 years ago
  According to a recent analysis conducted by BYDFi, a digital currency exchange, Ethereum has shown a strong positive correlation with the stock price of MSFT. This could be attributed to the fact that Ethereum is not only a cryptocurrency but also a platform for building decentralized applications, which makes it attractive to tech-savvy investors who are also interested in companies like Microsoft. However, correlation does not guarantee future performance, and it's important to consider other factors before making any investment decisions.
  547137