Which cryptocurrencies are correlated with XOM stock price today?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! When it comes to cryptocurrencies that are correlated with XOM's stock price, Bitcoin (BTC) and Ethereum (ETH) are two popular options. These cryptocurrencies have shown a tendency to move in a similar direction as XOM's stock price. However, it's important to note that correlation doesn't imply causation, and the relationship between XOM's stock price and these cryptocurrencies may change over time.
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• Dec 25, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that have shown some correlation with XOM's stock price, you might want to consider Ripple (XRP) and Litecoin (LTC) as well. These cryptocurrencies have occasionally moved in sync with XOM's stock price, but it's worth mentioning that the correlation may not always hold true.
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• Dec 25, 2021 · 3 years ago
  According to our analysis at BYDFi, XOM's stock price has exhibited a moderate positive correlation with Bitcoin (BTC) and Ethereum (ETH). This means that when XOM's stock price goes up, the prices of BTC and ETH tend to follow suit, and vice versa. However, it's important to remember that correlation doesn't guarantee future price movements, and it's always recommended to do your own research before making any investment decisions.
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