the Of course the overthrow of the last week, let Ethereum to 16 per cent fall. Over the entire month is considered Ethereum is still clearly the best Asset. The Portfolio is Conservative, however, could increase at least by ten percent.
Dr. Philipp Giese
3. March 2019BTC$3.821,67 -0.11%part Facebook Twitter LinkedIn xing mail
every week, we Like to compare the progress of the model portfolio Conservative, well-known from the cryptographic compass, compared to other assets: the rates of Bitcoin, XRP, and Ethereum, as well as one of the Top 10 existing comparison portfolio. When comparing the portfolio to the weighting of the individual positions is adapted to the relative market capitalization.
It was a disappointing Sunday: the prices of The crypto-currencies could be the Bull Run on 24. February not continue. It was a regular sale. For Ethereum, this meant that the price dropped by a total of 16 percent. Bitcoin and XRP and it went significantly better: The prices of both crypto-currencies just had to give ten percent. Also out of the Top 10 existing comparison portfolio fell by only twelve percent.
throughout the February considered that, however, is less dramatic: The Bull Run, with the Pump 7. February began, raised the prices of the crypto-currencies in a long time-seen heights. The Ether rate was at 23. February had a month plus of just under 50 percent. Even Bitcoin has risen over the by then twenty percent. This rally led to all crypto-currencies, even the relatively weak XRP, with an increase from the month.
model portfolio Conservative: month plus ten percent
the model portfolio. Although his Performance could not keep up with the Ethereum, but at least it can boast a Plus of nearly ten per cent:
A glance at the key size, the strength in the bear market was a weakness in the bull market, The Portfolio is Conservative and has the second-weakest Performance and is lagging behind Bitcoin. After all, it is about risk, Value-at-Risk and Drawdown to the top:
we Look at the Sharpe Ratio, i.e. the ratio of Performance and risk, to cut the Portfolio to be Conservative is not so bad: The Sharpe Ratio is 0.17 over the from out of the Top 10 educated comparison portfolio (0.16) and also proposes Bitcoin (0,15) and XRP (0,04). Only Ethereum could perform with a Sharpe Ratio of 0.19, significantly better.
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long-Term development: model portfolio Conservative soon XRP
This is a good Sharpe Ratio is also reflected in the long-term development. The head-to-head race between XRP and the Portfolio Conservatively. Since the beginning of August, both have lost about 32 percent of their value. Bitcoin, Ethereum and out of the Top 10 existing pattern portfolio were able to make thanks to February some lost territory. However, this does nothing to the fact that you have lost in the same time, between 47 and 66 percent:
as for other metrics inherent in our model portfolio continues to be in the first place. While all of the other Assets had to cope with Drawdowns of between 51 and 81 percent, are in the Portfolio of a Conservative “only” 43 percent. Likewise, it is the only Asset whose Value-at-Risk, even at a confidence level of 99 per cent is still single-digit. The VaR99 of -7% means that based on the price developments since August – to the day’s losses 99 percent of a maximum of seven percent. In all other cases, the Assets, the maximum rate loss of 99 percent of more than ten percent.
Admittedly, in the Short term, perform all of the Assets better than our model portfolio. A relative risk conservative Portfolio will not accrue in bull markets. The Portfolio was Conservative benefit, however, in spite of all the safeguards of the recent upward movement.
data on the Basis of cryptocompare.com and coingecko.com
The weightings of the Portfolio to be Conservative are created using the Capital asset Pricing Model. The application on the crypto-market is dedicated to the monthly Special from the crypto compass edition June 2018. As a single asset has a variety of well-known crypto to be taken into account currencies. Accordingly, among other things, Bitcoin, Ethereum, XRP, Monero and DASH are represented. In addition, a Position in Fiat or a Stable Coin like Tether is created.
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