Here at CryptocurrenciesChannel.com, we discover it fascinating to trace numerous ETF and inventory costs versus numerous digital belongings over time.
We observed that as of 5/16/2022, Litecoin ($LTC) can purchase you the least quantity of Group 1 Automotive shares, prior to now 12 months. For instance, when you had 1 Litecoin coin and wished to purchase shares of GPI(Image: GPI) with the proceeds, you’d solely be capable to purchase 0.36 share of GPI. That is versus a excessive quantity of 1.77 shares over the trailing twelve months. This is how this relationship seems charted, over the previous 12 months:
The primary driver of the above bar chart has, in fact, been the efficiency of Group 1 Automotive shares, relative to the efficiency of Litecoin; and here is how the 2 examine over the previous 12 months on a complete return foundation:
Try our Litecoin historical price chart and Group 1 Automotive vs Crypto pages for added charts.
Observe that any inventory splits and/or dividends are included after we calculate the GPI returns.
You’ll want to comply with us at CryptocurrenciesChannel.com for extra fascinating 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.
