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Investabit Cryptocurrency Index - ICI 15
Takes careful consideration of each asset to reflect true value in the cryptocurrency economy.
The Investabit Index(es)
Through years of data aggregation and predictive analytics, Investabit has been broadly grouping assets and tracking the overall performance of these groups.
Asset Balancing
Each asset is weighted according to its total market capitalization across all exchanges, which accounts not only for changes in price, but also supply.
Performance
Below are a few factors commonly used to measure a portfolio's ability to gain alpha within the marketplace.
Sharpe Ratio
Annualized Volatility
Monthly Volatility
Construction Methodology
Assignment for the category is determined by it’s primary use-case and then the specific function of the asset. For example if a token is used primarily by banks we will associate it with banking or currency.
5 Style Factors
Actual Momentum
Momentum is the rate of acceleration for an instrument's price or volume. In technical analysis, momentum is considered an oscillator and refers to the force or speed of movement; it is usually defined as a rate. In the world of investments, momentum refers to the rate of change of price movements for a particular instrument—that is, the speed at which the price is changing.
Size
Refers to the magnitude of an offering, an order, or a trade. Size is relative from market to market and security to security.
Value
A subjective estimate of what a willing buyer would pay a willing seller for a given asset, assuming both have a reasonable knowledge of the asset's worth.
Short Term Reversal
The short-term reversal anomaly is a phenomenon whereby instruments with relatively low returns over the past month or week earn positive abnormal returns in the following month or week, and instruments with high returns earn negative abnormal returns.
Volatility
Volatility is a statistical measure of the dispersion of returns for a given security or market index. Volatility can either be measured by using the standard deviation or variance between returns from that same security or market index. Commonly, the higher the volatility, the riskier the security.
Data Sources
Investabit collects data across 100 sources and aggregates it internally.
Review and Oversight
Investabit’s team meets once per quarter with the following intentions.
Data Integrity
Reviewing the accuracy and availability of data sources.
Calculations
Reviewing calculations of the index level for anomalies.
Construction Methodology
Determining whether any changes to the index construction and methodology are required.
Performance
Discussing performance and applying new methodologies (Machine Learning, Reinforcement Learning) to the index.
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Investabit’s Indexes and this website are provided on an "as is" basis and Investabit Capital Inc makes no representations or warranties as to the quality, accuracy or suitability of Investabit Index or this website. You acknowledge and agree that Investabit Captial, Inc. is not acting as an investment advisor or portfolio management by providing access to the Investabit Indexes and shall bear no responsibility or liability for any loss or damage, howsoever caused, including due to amendment of this website or the index methodology or calculations, resulting from or in connection with your use of Investabit Indexes or this website for any purpose.