PDF Publication Title:
Text from PDF Page: 004
A more descriptive and quantifiable summary of the log returns are available in table 1. Interestingly, Ether’s log returns hit a maximum of 80%, almost 3 times higher than that of Bitcoin. Nonetheless, Ether’s minimum log return had dropped to -81%, about 1.5 times lower than that of Bitcoin. Table 1. Statistical summary of prices and log returns utilizing other methods such as Bayesian structural learning and a deep understanding of economics and Blockchain. ETH/USD BTC/USD %RETH %RBTC Mean 247.30 6355.57 3.38 0.25 std 284.43 6588.89 6.90 4.02 Min. 0.43 203.18 -81.26 -31.59 1st Qu. 12.83 821.19 -2.27 -1.15 2nd Qu 182.87 6148.42 0.12 0.23 3rd Qu 323.72 9177.89 2.87 1.86 Max. 1845.82 47884.18 80.40 21.45 Finally, to understand how long it takes for changes to be reflected in crypto prices, the cross-correlation between the 4 time series are calculated. The time lag which corresponds to the maximum cross-correlation, denoted as “lag max”, shows the number of days until the second time series is maximally correlated with the first. Figure 6 illustrates a heatmap of the maximum cross-correlation between each pair of the four time series. The highest cross-correlation scores belong to the (ETH/USD, BTC/USD), (GoogleETH, GoogleBTC), and (ETH/USD, GoogleBTC) pairs respectively, suggesting that these pairs could serve well as predictors. Fig 6. Max cross-correlations heatmap The changes in cross-correlations are visualized against time lag in fig 6. It can be observed that the longest time lag belongs to the (ETH/USD, GoogleBTC) pair. In simple terms, this indicates that an increase in the volume of online searches for Bitcoin correlates with an increase in the ETH/USD approximately a month later. Based on time lags, the (ETH/USD, GoogleBTC), (ETH/USD, BTC/USD), and (ETH/USD, GoogleETH) pairs are the strongest contenders for timely predictions. It should be noted that in order to use this information for future analyses and prediction purposes, the strength of cross-correlations should be taken into consideration as well. Thus, the (ETH/USD, BTC/USD) and (ETH/USD, GoogleBTC) pairs provide both strong and timely predictions compared to other pairs. Finally, it is crucial to bear in mind that while the above statements are centered around cross-correlation, this concept should not be confused with causation. Studying the possible causal links requires Fig. 7. Cross-correlations vs. time lag 5. Discussion and Conclusions The analyses in this study suggest that considering the couplings between social and financial complex systems helps making better predictions about asset prices. Although here the links between only two assets were explored, it would be beneficial to extend this analysis to a wider range of components. Furthermore, this approach helps identify market manipulations and crypto price bubbles caused by entities other than the public. Future analyses may incorporate other sources of social data such as twitter to gain more insight.PDF Image | Ethereum Network: from Blockchain to Google Trends
PDF Search Title:
Ethereum Network: from Blockchain to Google TrendsOriginal File Name Searched:
2104-01764.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
| CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP |