Having a look at the GameStop share very recently raises the question of how such a phenomenon of enormous price explosion can arise. Technological and financial innovations such as the internet and commission-free trading platforms entail the emergence of new phenomena that were previously...

Cryptocurrencies (CCs) become more interesting for institutional investors’ strategic asset allocation and will be a fixed component of professional portfolios in future. This asset class differs from established assets especially in terms of the severe manifestation of statistical parameters....

In this paper, we investigate whether mixing cryptocurrencies to a German investor portfolio improves portfolio diversification. We analyse this research question by applying a (mean variance) portfolio analysis using a toolbox consisting of:(i) the comparison of descriptive statistics, (ii)...

This paper evaluates and assesses the risk associated with capital allocation in cryptocurrencies (CCs). In this regard, we take a basket of 27 CCs and the CC index EWCI− into account. After considering a series of statistical tests we find the stable distribution (SDI) to be the most...