Which digital currencies have the highest correlation with the performance of Vanguard Battery ETF?

3 answers

• Dec 25, 2021 · 3 years ago
  When it comes to the correlation between digital currencies and the performance of Vanguard Battery ETF, it's important to note that the cryptocurrency market is highly volatile and influenced by various factors. However, based on historical data and market trends, some digital currencies that have shown a relatively higher correlation with the performance of Vanguard Battery ETF include Bitcoin, Ethereum, and Litecoin. These cryptocurrencies are considered to be more established and widely traded, which may contribute to their correlation with the performance of this ETF.
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• Dec 25, 2021 · 3 years ago
  Well, let me tell you, the correlation between digital currencies and the performance of Vanguard Battery ETF can be quite interesting. While there is no guarantee that any specific cryptocurrency will always move in sync with the ETF, some coins have shown a tendency to have a higher correlation. Bitcoin, Ethereum, and Litecoin are among the digital currencies that have exhibited a stronger correlation with the performance of Vanguard Battery ETF. However, it's important to keep in mind that correlation does not imply causation, and the cryptocurrency market can be highly unpredictable.
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• Dec 25, 2021 · 3 years ago
  According to my analysis, the digital currencies that have the highest correlation with the performance of Vanguard Battery ETF are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have shown a consistent pattern of moving in tandem with the ETF's performance. However, it's worth noting that correlation does not necessarily indicate a causal relationship, and other factors can also influence the price movements of these digital currencies. It's always important to conduct thorough research and consider multiple factors before making any investment decisions.
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