Manec Script Bank releases a report examining the market performance of crypto asset indexes provided by S&P, Bloomberg, etc.
*View in browser* *Manec Script Bank Co., Ltd.*
Press release: March 13, 2024
**
Manec Script Bank releases a report examining the market performance of crypto asset indexes provided by S&P, Bloomberg, etc.
*Analyzed by period using indicators such as the Sharpe ratio and Omega ratio, it shows the possibility that crypto asset indexes have better investment efficiency than stocks, gold, crude oil, etc.* Manec Script Bank, Inc. (Headquarters: Minato-ku, Tokyo,
Representative: Atsushi Bandai, hereinafter referred to as “Manec Script Bank”) has released a report examining the market performance of crypto asset indexes provided by S&P, Bloomberg, etc. Using indicators such as the Sharpe ratio and Omega ratio, we analyzed each period of 1, 3, and 5 years, and showed that crypto asset indexes may have better investment efficiency than stocks, gold, crude oil, etc. This report is based on MCB operated by our company.
Anyone can read it for free by subscribing to the Web3 Newsletter. * [Download link] *
https://forms.gle/xdvQykVgbZkyVH4d7
* [Report summary] *
* Verifying the performance of crypto asset indexes – showing the possibility of better investment efficiency than stocks *
* table of contents*
1.First of all
2. Index to use
3. Indicators for measuring market performance
4. Results
5. Discussion
6. Conclusion
* Introduction *
The market size of major cryptocurrencies is
Crypto has exceeded 300 trillion yen and is attracting attention year by year for various purposes such as Defi and NFT. Among them, the volatility of Bitcoin and Ethereum is gradually decreasing, and according to Glassnode, about 70% of Bitcoins have been held for more than a year. It is attracting attention as a target for
In the crypto market, which has shown rapid growth in recent years, there are several indexes that show market movements. In this report, we measured the market performance when passively investing in such indexes using the Sharpe ratio, Omega ratio, and CAPM theory, and verified the potential of the crypto market as an investment target.
In order to make it easier to understand the market performance of crypto, we used the S&P 500, which is often used as a market portfolio, the spot price of gold, which is known as a safe asset, crude oil, which is a representative commodity, and most indexes. Five types of Bitcoin and Ethereum, which account for the majority of the total, were used as comparison targets.
As a result, when the returns of existing crypto indexes were calculated using weekly data, they showed the possibility of obtaining returns 1.1 to 1.8 times higher than stock market portfolios when taking the same risk. The details will be explained below.
* Index used (daily data and weekly data) *
– S&P Crypto Asset Comprehensive Digital Market Index/S&P Crypto Asset Large Cap Index
-BGCI (Bloomberg Galaxy Crypto Index)
– Nasdaq Crypto Index
-CCi30
*Indicators for measuring market performance*
– Sharpe ratio
– omega ratio
– Sortino ratio
– Portfolio β and Jensen’s α
– Trainer ratio
*This report also provides an overview of each index and indicator. Results (partial excerpt)
* 1 year (January 1, 2023 to December 31, 2023) Daily data*
* [Back number report] *
Previously distributed MCB RESEARCH reports can be purchased from the dedicated page below.
https://mcb.official.ec/
Various reports ¥20,000 (tax included)
Monex Fear&Greed Index – Evaluate market sentiment using nine components MCB Crypto Rating – Relative evaluation of 30 types of crypto assets according to 7 items
Blockchain game business model classification and profit estimation When will VR become widespread? – Explore current issues and related technologies
How to develop a digital LAND in the metaverse – Decentraland development What is GameFi? The importance and challenges of DeFi, the role of CEX Examining the applicability of PAVA indicators to layer 1 tokens Application of LPPLS model to crypto assets to detect financial bubbles * [On publication of MCB RESEARCH] *
Recently, the next-generation Internet called “Web3” has been attracting worldwide attention, and in Japan, the government is promoting the development of a Web3 environment as part of a robust policy. Although Web3 is interpreted differently by different people, it refers to a P2P-type Internet based on blockchain, on which various digital assets are exchanged using cryptographic asset technology. Web3 now exists as a trending word on the Internet that promotes crypto assets and blockchain. As companies around the world explore new business possibilities in Web3, many new businesses such as decentralized finance (DeFi), non-fungible tokens (NFTs),
decentralized autonomous organizations (DAOs), metaverses, blockchain games, etc. A theme is emerging. However, it is not clear how the arrival of Web3, which includes these themes, will change the business of each industry.
Therefore, Manec Script Bank has published a report “MCB
We decided to publish “RESEARCH”. This magazine will deliver content divided into the “TECH” series, which focuses on general technology trends in Web3, and the “CRYPTO” series, which relates to market trends in crypto assets.
Although this magazine covers crypto assets and NFTs that are subject to price fluctuations, our primary purpose is to provide objective information, and we do not recommend buying or selling the crypto assets, etc. discussed here. Our company assumes no responsibility if readers use the contents of this magazine to make investment decisions.
* 【Selling price】*
free
* [Application page (repost)] *
https://forms.gle/xdvQykVgbZkyVH4d7
* [Inquiries] *
info●cryptobk.jp (Please change ● to @ before sending)
Person in charge: Matsushima, Aoki
* [About Manec Script Bank Co., Ltd.] *
Manec Script Bank Co., Ltd. was established in December 2017 and provides research, planning, development, and consulting related to crypto assets and blockchain services. MCB is a wholly owned subsidiary of Monex Group, Inc., a company listed on the First Section of the Tokyo Stock Exchange, and provides information on the latest trends and research in blockchain and crypto assets.
We operate services such as “Web3 Newsletter”, “MCB Research”, NFT project “OASIS”, and news app “Cheeese” where you can earn Bitcoin. MONEX takes the Y of MONEY one step further and represents human activities in the future. Equipped with cutting-edge IT technology, global and universal values and professionalism, we aim to design a way to interact with money in a new era and enable individuals to achieve self-fulfillment in an ever-changing future. We aim to optimize its lifetime balance sheet.
*About details about this release*
https://prtimes.jp/main/html/rd/p/000000032.000045035.html
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