Spurious correlation: quant-fund count and an altcoin's price
From 2015 to 2025 the number of active quant funds and the price of a small altcoin both climbed steadily. Their annual levels correlate at . A junior analyst wants to trade the altcoin on quant-fund-launch news, citing the correlation.
Why is this correlation weak evidence of any real link, and how would you test for one?
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