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Which cryptocurrencies are most closely correlated with the performance of xpeng stock on nasdaq?

avatarAlexandra TomásDec 15, 2021 · 3 years ago3 answers

I'm interested in finding out which cryptocurrencies have the highest correlation with the performance of xpeng stock on nasdaq. Can you provide insights into the cryptocurrencies that tend to move in sync with xpeng stock? I would like to know if there are any specific digital currencies that investors should pay attention to when considering xpeng stock.

Which cryptocurrencies are most closely correlated with the performance of xpeng stock on nasdaq?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Bitcoin and Ethereum are two of the most closely correlated cryptocurrencies with xpeng stock on nasdaq. As the leading cryptocurrencies in terms of market capitalization, they often exhibit similar price movements to xpeng stock. Investors who are interested in xpeng stock may want to keep an eye on Bitcoin and Ethereum as potential indicators of xpeng's performance on nasdaq.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to cryptocurrencies that are closely correlated with xpeng stock on nasdaq, Ripple and Litecoin are worth mentioning. These digital currencies have shown some level of correlation with xpeng stock in the past. However, it's important to note that correlation does not imply causation, and investors should conduct thorough research and analysis before making any investment decisions.
  • avatarDec 15, 2021 · 3 years ago
    According to our analysis at BYDFi, xpeng stock on nasdaq has shown a strong correlation with Bitcoin and Ethereum. These two cryptocurrencies have been observed to move in sync with xpeng stock, indicating a potential relationship between the performance of xpeng and the overall cryptocurrency market. Investors interested in xpeng stock may find it useful to monitor the price movements of Bitcoin and Ethereum as indicators of xpeng's performance on nasdaq.