Here at CryptocurrenciesChannel.com, we discover it attention-grabbing to trace varied ETF and inventory costs versus varied 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, up to now yr. For instance, for those who had 1 Litecoin coin and wished to purchase shares of GPI(Image: GPI) with the proceeds, you’ll solely have the ability 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 appears to be like charted, over the previous yr:
The principle driver of the above bar chart has, in fact, been the efficiency of Group 1 Automotive shares, relative to the efficiency of Litecoin; and this is how the 2 evaluate over the previous yr on a complete return foundation:
Take a look at our Litecoin historical price chart and Group 1 Automotive vs Crypto pages for extra charts.
Be aware that any inventory splits and/or dividends are included once we calculate the GPI returns.
You should definitely 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.