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Table 1 Descriptive statistics Bitcoin markets and foreign exchange pairs denominated in six major trading currencies

From: Portfolio diversification benefits of alternative currency investment in Bitcoin and foreign exchange markets

 

Mean

Std. Dev

Skewness

Kurtosis

Jarque–Bera

ADF

USD:BTC

− 0.03801

0.30577

− 0.50932

9.06559

2469.92

− 20.67

EUR:BTC

0.91871

26.57034

27.93238

781.32210

39,756,500.00

− 10.20

JPY:BTC

− 0.04743

1.15170

− 7.40495

162.75280

1,680,626.00

− 26.68

BPS:BTC

− 0.01237

0.74058

10.96821

274.24240

4,835,088.00

− 39.98

AUD:BTC

− 0.01023

0.71204

5.98157

136.75740

1,177,480.00

− 38.99

CAD:BTC

0.03305

1.65115

29.65057

1052.49300

72,144,113.00

− 39.26

EUR:USD

0.00010

0.00079

0.48425

4.98712

319.06

− 31.44

JPY:USD

− 0.00235

0.02934

0.01502

6.78541

935.65

− 20.15

BPS:USD

0.00016

0.00235

3.42643

43.34675

109,351.90

− 20.89

AUD:USD

− 0.00005

0.00193

− 0.04822

3.75849

38.17

− 21.90

CAD:USD

− 0.00003

0.00147

0.23751

4.31304

127.30

− 21.18

JPY:EUR

− 0.00120

0.03131

0.16034

5.75508

502.31

− 30.60

BPS:EUR

0.00010

0.00147

2.01611

20.45046

20,944.09

− 25.71

AUD:EUR

0.00000

0.00272

− 0.26640

4.49751

164.95

− 22.37

CAD:EUR

0.00001

0.00260

0.22323

5.19260

326.90

− 20.40

BPS:JPY

− 0.00072

0.04261

2.20108

26.98316

38,820.52

− 20.65

AUD:JPY

− 0.00189

0.03514

0.13301

4.04153

75.45

− 21.42

CAD:JPY

− 0.00158

0.03525

− 0.05623

4.44807

137.74

− 19.73

AUD:BPS

− 0.00006

0.00448

1.09993

12.43578

6129.15

− 27.75

CAD:BPS

− 0.00003

0.00406

0.66892

9.60634

2966.43

− 27.35

CAD:AUD

0.00006

0.00020

0.87474

7.65017

1611.71

− 21.24

  1. Statistics rounded to two decimal places. All statistics are significant at 1% level of significance