Non-random walk in cryptocurrency: An empirical analysis of bitcoin

Autor:	Ahmad Fraz, null Arshad Hassan, null Sumayya Chughtai
Rok vydání:	2022
Předmět:	Industrial and Manufacturing Engineering
Zdroj:	Journal of Public Value and Administrative Insight. 4:425-435
ISSN:	2663-919X 2663-9181
DOI:	10.31580/jpvai.v4i4.2106
Popis:	The current study has examined the informational efficiency of market leader of cryptocurrency i.e, Bitcoin. The daily, weekly and monthly prices of Bitcoin have been used for analysis from 2013 to 2017. The information efficiency has been investigated by using different tests of random walk both parametric and non-parametric. The results indicate the Bitcoin returns are not weak form efficient and the element of random walk is not there. Hence, the investors have an opportunity to beat the market by using technical trading and get abnormal returns from the predictability of Bitcoin prices.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3650bae2d5d3cf51199958c5bce69b76 https://doi.org/10.31580/jpvai.v4i4.2106 Zobrazit plný text záznamu