Here at CryptocurrenciesChannel.com, we discover it attention-grabbing to trace numerous ETF and inventory costs versus numerous digital property over time.
We seen that as of 5/6/2022, Litecoin ($LTC) should purchase you the least quantity of American Electrical Energy shares, previously yr. For instance, should you had 1 Litecoin coin and wished to purchase shares of AEP(Image: AEP) with the proceeds, you’d solely have the ability to purchase 0.97 share of AEP. That is versus a excessive quantity of 4.46 shares over the trailing twelve months. This is how this relationship appears to be like charted, over the previous yr:
The principle driver of the above bar chart has, after all, been the efficiency of American Electrical Energy shares, relative to the efficiency of Litecoin; and this is how the 2 examine over the previous yr on a complete return foundation:
Try our Litecoin historical price chart and American Electric Power vs Crypto pages for extra charts.
Be aware that any inventory splits and/or dividends are included once we calculate the AEP returns.
Remember to observe us at CryptocurrenciesChannel.com for extra attention-grabbing inventory market vs. digital asset comparisons!
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.