RE: Steemit Crypto Academy Contest S16W1 : Cross Assest Correlation Analysis
You did a great job explainig cross-asset correlation! It's like watching a dance between two assets over time, where posiive correlation means they move together, and negative means they go in opposite directons. Your analogy of the market as a dance floor, with assets dancing in sync during good times and doing opposite moves when things get tricky, makes it easy to grasp.
Your idea of creating a team of asets that don't all move the same way is clever, like assembling a dance crew with varied moves. The concept of negative correlation acting as a shield for investors, especialy with examples like oil prices and airline stocks, adds a practical touch. Your clear breakdown of how cryptocurrencies like Bitcoin lead the crypto dance floor and how diversification is like choreographing a dance to minimize risk is spot-on.
Keep up the great work!
Thank you so much for such detailed view ☺️☺️ and I am honoured and pleasured to read your mind words