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How can I use Google Finance to analyze the correlation between digital currencies and the IWM ETF?

avatarDataNerdNoneUseNov 25, 2021 · 3 years ago3 answers

I'm interested in analyzing the correlation between digital currencies and the IWM ETF using Google Finance. Can you provide a step-by-step guide on how to do this?

How can I use Google Finance to analyze the correlation between digital currencies and the IWM ETF?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    Sure! Here's a step-by-step guide on how to analyze the correlation between digital currencies and the IWM ETF using Google Finance: 1. Open Google Finance in your web browser. 2. Search for the digital currency you want to analyze in the search bar. 3. Click on the 'Correlation' tab in the left sidebar. 4. Select the IWM ETF from the dropdown menu. 5. Google Finance will display the correlation coefficient between the digital currency and the IWM ETF, along with a chart showing the correlation over time. By analyzing the correlation, you can gain insights into how digital currencies and the IWM ETF move together or diverge in their price movements. This can help you make more informed investment decisions. Happy analyzing! 😊
  • avatarNov 25, 2021 · 3 years ago
    No problem! Here's a step-by-step guide to analyze the correlation between digital currencies and the IWM ETF using Google Finance: 1. Go to Google Finance website. 2. Enter the name of the digital currency you want to analyze in the search bar. 3. Click on the 'Correlation' tab in the left sidebar. 4. Choose the IWM ETF from the dropdown menu. 5. Google Finance will show you the correlation coefficient and a chart illustrating the correlation between the digital currency and the IWM ETF. Analyzing the correlation can provide insights into the relationship between digital currencies and the IWM ETF, helping you make more informed investment decisions. Hope this helps! 👍
  • avatarNov 25, 2021 · 3 years ago
    Using Google Finance to analyze the correlation between digital currencies and the IWM ETF is a great way to gain insights into their relationship. Here's how you can do it: 1. Visit the Google Finance website. 2. Enter the name of the digital currency you want to analyze in the search bar. 3. Click on the 'Correlation' tab in the left sidebar. 4. Select the IWM ETF from the dropdown menu. 5. Google Finance will display the correlation coefficient and a chart showing the correlation between the digital currency and the IWM ETF. Analyzing the correlation can help you understand how digital currencies and the IWM ETF move in relation to each other, which can be valuable for investment decisions. Give it a try! 😊