Please see the attached image.
“Only two out of twenty tokens have correlations beneath this threshold, namely McDonald’s Corporation and Gamestop Corporation with respective correlation coefficients of 0,79 and 0,93.”
Buyse, J. (2021). Impact assessment of digital assets on securities markets [Universiteit Gent]. https://libstore.ugent.be/fulltxt/RUG01/003/010/051/RUG01-003010051_2021_0001_AC.pdf
You are being rude, and this idiosyncrasy is significant. I will try to explain for you in simple terms. Although the price of a stock varies over time, at any given time, the price should be approximately the same across brokers. (And for tokenized stocks to substitute for non-tokenized stocks, then their prices also need to correspond.) When I buy a stock on Charles Schwab, then the price should be the same as when you buy the same stock on Fidelity. If you get a different price from me, higher or lower, then the price of the stock is wrong. No Bonferroni correction necessary. It doesn’t matter whether this happens for every stock or just one idiosyncratic stock. If the price is different, then the price is wrong.
Tell me you dont understand how a market works without telling me you dont understand how a market works.
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