Record Nr.

UNINA9910574086703321

Autore

Glas Tobias

Titolo

Asset Pricing and Investment Styles in Digital Assets : A Comparison with Traditional Asset Classes / / by Tobias Glas

Pubbl/distr/stampa


Cham : , : Springer International Publishing : , : Imprint : Springer, , 2022

ISBN

9783030956950

9783030956943

Edizione

[1st ed. 2022.]

Descrizione fisica

1 online resource (347 pages)

Collana

Advanced Studies in Diginomics and Digitalization, , 2731-0485

Disciplina

332.6320285

Soggetti

Financial engineering

Capital market

Technological innovations

Finance

Financial Technology and Innovation

Capital Markets

Innovation and Technology Management

Financial Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Chapter 1. The Emergence of a New Asset Class: Digital Assets -- Chapter 2. An Asset Pricer’s Toolkit -- Chapter 3. Investment Styles in General -- Chapter 4. Related Literature -- Chapter 5. Digital Assets -- Chapter 6. Digital Assets in a Multi-asset Context -- Chapter 7. On the Effectiveness of Technical Indicators in Digital Assets -- Chapter 8. Investment Styles in Digital Assets -- Chapter 9. Risk Factors in Digital Assets -- Chapter 10. How to Incorporate Characteristics into the Portfolio Construction Process -- Chapter 11. Are the Results Robust and Still Valid? -- Chapter 12. Conclusion.

Sommario/riassunto

This book analyzes the emerging asset class of digital assets. When a new asset class originates, researchers try to understand some basic questions: Can digital assets, with the flagship asset bitcoin, really be considered a serious asset class? Since it is possible to trade digital assets, does it make sense to trade or to invest in these assets? How do

digital assets compare to traditional asset classes like equities or bonds? After describing basic financial theory and breaking down the digital asset universe, this book provides fundamental knowledge with respect to this young and rising asset class. It focuses on special issues like the application of technical indicators, investment styles, asset pricing and portfolio construction. Furthermore, it offers remarks and links to other traditional asset classes and describes and warns of data issues in digital asset data.