Get Custom Quotes, Info & More from Multiple Providers At Once.
December 22, 2022

dxFeed Launched Crypto Ortho 500™ Index Based on Decorrelation Between Stocks and Crypto

The index reflects a selected cryptocurrency portfolio's market price that minimizes the correlation with the broad stock market represented by the S&P 500 index.

 

December 22, 2022dxFeed, a data solutions and index management provider for the traditional and crypto finance industry, has launched the dxFeed Crypto Ortho 500 Index also referred as COSM™.
 

The portfolio weights are optimized using a custom numerical procedure. Care is taken to avoid bias (e.g., outlier removal is performed during the index construction) and aims to ensure the index's statistical properties remain relatively stable after the end of the parameter estimation period.
 

The resulting instrument can therefore be considered an investment alternative to the broad market and may be used in portfolio diversification scenarios.
 

"Although cryptocurrencies are strongly correlated as an asset class, the index achieves correlation twice as low as the Bitcoin against the S&P 5001 index during certain periods. In my opinion, it's an impressive result achieved by the dxFeed quant team," comments Oleg Solodukhin, CEO at dxFeed.

 

COSM is based on a more general dxFeed Benchmark Orthogonal-Collinear index methodology, which allows to construct similar indices, but for different benchmarks and correlation optimization types.
 

The firm started its indices pool in the fall of 2022 by introducing dxFeed Bixie, a US Dollar Index ("USDX") crypto-twin, and dxFeed Honest Gold Index ("HAU").


 

Tags:
Require Some Guidance in Finding The Right Provider?

Let One of Our Experts Help!

Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!

Get Started

LiquidityFinder

LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.

Be First To Comment.
Featured News on LiquidityFinder
Latest News on LiquidityFinder

To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.

LiquidityFinder & Our Partners

Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.