Here at CryptocurrenciesChannel.com, we discover it attention-grabbing to trace varied ETF and inventory costs versus varied digital property over time.
We seen that as of 5/16/2022, Litecoin ($LTC) should purchase you the least quantity of Churchill Downs shares, previously 12 months. For instance, if you happen to had 1 Litecoin coin and wished to purchase shares of CHDN(Image: CHDN) with the proceeds, you’d solely have the ability to purchase 0.35 share of CHDN. That is versus a excessive quantity of 1.55 shares over the trailing twelve months. This is how this relationship appears charted, over the previous 12 months:
The principle driver of the above bar chart has, in fact, been the efficiency of Churchill Downs shares, relative to the efficiency of Litecoin; and here is how the 2 evaluate over the previous 12 months on a complete return foundation:
Try our Litecoin historical price chart and Churchill Downs vs Crypto pages for extra charts.
Word that any inventory splits and/or dividends are included once we calculate the CHDN 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.
