What is the correlation between fnilx and fxaix in the context of digital currencies?

5 answers

• Mateo LencinaDec 13, 2020 · 5 years ago
  The correlation between fnilx and fxaix in the context of digital currencies refers to the statistical relationship between the performance of these two assets. Correlation measures the degree to which the prices of fnilx and fxaix move in relation to each other. A positive correlation means that when fnilx goes up, fxaix tends to go up as well, and vice versa. A negative correlation means that when fnilx goes up, fxaix tends to go down, and vice versa. Understanding the correlation between these assets can help investors diversify their portfolios and manage risk effectively.
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• Aung Zaw minMay 12, 2025 · 2 months ago
  When it comes to digital currencies, the correlation between fnilx and fxaix is an important factor to consider. The correlation coefficient between these two assets can provide insights into their relationship. A coefficient of +1 indicates a perfect positive correlation, while a coefficient of -1 indicates a perfect negative correlation. A coefficient of 0 suggests no correlation. By analyzing the correlation between fnilx and fxaix, investors can gain a better understanding of how these assets move in relation to each other and make more informed investment decisions.
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• lorisNov 25, 2024 · 8 months ago
  In the context of digital currencies, fnilx and fxaix are two popular assets that investors often compare. While fnilx is a digital currency exchange-traded fund (ETF), fxaix is an index fund that tracks the performance of the S&P 500. The correlation between fnilx and fxaix can be influenced by various factors, such as market trends, investor sentiment, and economic conditions. It's important to note that correlation does not imply causation, and investors should consider other factors when making investment decisions. At BYDFi, we provide comprehensive analysis and insights on digital currencies to help investors navigate the market.
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• Mudra NidhiAug 27, 2024 · a year ago
  The correlation between fnilx and fxaix in the context of digital currencies is an interesting topic to explore. While fnilx focuses on digital currencies, fxaix represents the broader stock market. The correlation between these two assets can be influenced by various factors, such as market volatility, economic indicators, and investor behavior. It's important for investors to understand the correlation between fnilx and fxaix to assess the potential risks and returns associated with their investments. At BYDFi, we offer educational resources and market analysis to help investors make informed decisions in the digital currency space.
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• mohammad baniasadNov 05, 2023 · 2 years ago
  When it comes to digital currencies, the correlation between fnilx and fxaix can provide valuable insights for investors. While fnilx represents the performance of digital currencies, fxaix tracks the performance of the S&P 500 index. The correlation between these two assets can be influenced by market conditions, investor sentiment, and macroeconomic factors. By analyzing the correlation between fnilx and fxaix, investors can gain a better understanding of the relationship between digital currencies and traditional markets. This knowledge can help investors diversify their portfolios and make informed investment decisions.
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