Which cryptocurrencies are most closely correlated with the stock price of AMTD Idea Group?

1 answers

• Dec 29, 2021 · 3 years ago
  According to the data and analysis provided by BYDFi, a leading digital currency exchange, the cryptocurrencies that have shown the closest correlation with the stock price of AMTD Idea Group are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have exhibited a strong positive correlation with the stock price of AMTD Idea Group, meaning that when the stock price of AMTD Idea Group goes up, the prices of these cryptocurrencies also tend to rise, and vice versa. However, it's important to note that correlation does not guarantee future performance, and the relationship between these cryptocurrencies and the stock price of AMTD Idea Group may change over time. It is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.
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