What is the correlation between VXX and Yahoo Finance in the cryptocurrency market?

Sujit PandeyDec 28, 2021 · 3 years ago1 answers

Can you explain the relationship between VXX and Yahoo Finance in the cryptocurrency market? How do they correlate with each other?

What is the correlation between VXX and Yahoo Finance in the cryptocurrency market?

1 answers

Dec 28, 2021 · 3 years ago
As an expert in the cryptocurrency market, I can tell you that there is no direct correlation between VXX and Yahoo Finance in this market. VXX is designed to track the volatility of the S&P 500 Index, which is a stock market index. On the other hand, Yahoo Finance is a platform that provides financial news and data for various markets, including cryptocurrencies. While VXX can indirectly reflect market sentiment and volatility, Yahoo Finance can provide real-time information and analysis specific to the cryptocurrency market. Therefore, it is important for investors to use both VXX and Yahoo Finance as complementary tools to gain a comprehensive understanding of the market dynamics and make informed investment decisions.

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