When bitcoin does well, software stocks do well. But so do tobacco stocks.
Morgan Stanley's cryptocurrency strategy team notes that when comparing
$比特幣(BTC.CC)$ to other asset classes, it has positive correlations to equities, with indexes rising along with the coin.
The
$SPDR 標普500指數ETF(SPY.US)$ has the closest six-month correlation with bitcoin at just above 0.3, followed by the
$納斯達克綜合指數(.IXIC.US)$, right above 0.25.
It has negative correlations with the
$美元指數(USDindex.FX)$, around -0.4, gold
$SPDR黄金ETF(GLD.US)$, around -0.6, and the
$美國10年期國債收益率(US10Y.BD)$ around -0.9.
"Below the (equity) index level, the correlations vary widely across sectors," David Adelman, Morgan Stanley director of equities strategy for the Americas writes in a note.
The top 10 most correlated subsectors are:
1. Software & Services
$SPDR標普軟件與服務ETF(XSW.US)$2. Food, Beverage
$Invesco Food & Beverage ETF(PBJ.US)$ and Tobacco
3. Materials
$SPDR原物料類ETF(XLB.US)$4. Media & Entertainment
$Ishares Evolved U.S. Media And Entertainment Etf(IEME.US)$5. Commercial & Professional Services
6. Healthcare Equipment & Services
$SPDR S&P Health Care Equipment ETF(XHE.US)$7. Automobiles & Components
$First Trust納斯達克全球汽車指數(CARZ.US)$8. Diversified Financials
$SPDR金融行業ETF(XLF.US)$9. Insurance
$iShares安碩美國保險ETF(IAK.US)$10. Household & Personal Products
$日常消費品精選行業指數ETF-SPDR(XLP.US)$Bitcoin finished last week up more than 5%, while the S&P dropped 0.3%, snapping a five-week winning streak.
William Paul : 比特幣基本上是一種與現代貨幣理論相反的遊戲
fly up high : 絕對瘋狂再一次證明事實可能比虛構奇怪。還有另一個提醒,相關性並不意味著原因和結果。
Indicator analyst : 我希望人們停止將比特幣或任何加密貨幣與任何資產類別進行比較。對我來說,這就像將獨角獸與賽馬比較一樣。
Drdrdoky : 不確定是什麼週。上週獸醫一天到星期五 68 至 64 公里。
UANM5SC6Ea : 因此基本上,比特幣是一種相對不相關/不對稱的資產,正如我們已經知道。
查看更多評論...