Altcoins Performance Study

Welcome to our Data Report on altcoins performance study.

Aug 10, 2021

Welcome to our Data Report on altcoins performance study.

Key Takeaways

  • We studied the past one year’s performance of 52 coins supported by DeFi Wallet via different methods: the correlation of daily return, token clustering and portfolio management;
  • The pairs with the highest and lowest correlations were (EOS, LTC) and (CHR, SNX), which are 0.92 and 0.08 respectively;
  • We have further applied the Principal Component Analysis (PCA) and K-means clustering to the tokens’ daily performance matrix to classify them into four different groups:
    • Group 1: Veterans;
    • Group 2: Rising Stars;
    • Group 3: Challengers;
    • Group 4: New Joiners
  • Theories in the portfolio management were applied to the cryptocurrencies: we plotted the Efficient Frontier based on the supported tokens and the maximum Sharpe ratio on the EF was 3.40. This optimal portfolio was comprised of {SNX, KNC, ERD, LINK, CHR};
  • The optimal portfolio we suggested above is for illustrative purposes only. Due to the backward-looking nature of our analysis, replicating this portfolio will very likely result in different returns. Readers should note that the results do not constitute as any investment advice.

Read the full version of the Altcoins Performance Study here.



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