Crypto Perspective 5: Uncorrelated Asset?

Crypto does not fit neatly into mainstream categorizations

What is an uncorrelated asset? Quite simply, assets are uncorrelated if changes in one’s returns don’t affect the other. Perfectly uncorrelated assets have a correlation coefficient of 0, and, from an asset management perspective, are important because they allow money managers to diversify their portfolios effectively. Which is where Cryptocurrencies supposedly come in.

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