Table 7.
The results of the strategy from the third experiment for portfolio and examined cryptocurrencies. Green indicates positive returns, and red indicates negative returns. In summary, “Over Hold” indicates the number of indexes that achieve above-average returns.
| INDEX | BOTH | LONG | SHORT | HOLD | |
|---|---|---|---|---|---|
| 1. | BTC/USD | 351.55% | 478.74% | −21.98% | 243.79% |
| 2. | XRP/USD | −77.28% | −39.33% | −62.55% | −57.24% |
| 3. | ETH/USD | 378.87% | 462.10% | −14.81% | 408.03% |
| 4. | BCH/USD | 132.32% | 531.35% | −71.39% | −81.20% |
| 5. | ADA/USD | 526.72% | 393.85% | 26.90% | 91.31% |
| 6. | LTC/USD | 9.52% | −35.07% | 68.67% | −33.48% |
| 7. | XMR/USD | −83.36% | −30.44% | −76.08% | −25.24% |
| 8. | ICX/USD | −76.07% | 18.29% | −79.77% | −76.64% |
| 9. | BNB/USD | 40.52% | 244.36% | −59.19% | 5998.97% |
| 10. | HC/USD | 216.37% | 25.84% | 15.48% | −98.60% |
| PORTFOLIO | 240.07% | 329.24% | −19.10% | 275.22% | |
| MARKET | 215.20% | 492.90% | −46.84% | 320.14% | |
| OVER HOLD | 6/10 | 7/10 | 3/10 | - | |
| PROFITABLE | 7/10 | 7/10 | 3/10 | 4/10 |