From: On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum
Quantile’s order | Bitcoin | Ethereum | ||
---|---|---|---|---|
Quantile | Condition | Quantile | condition | |
0.1 | − 0.3843 | Efficiency | − 0.2052 | Efficiency |
0.2 | − 0.2056 | Efficiency | − 0.0796 | Efficiency |
0.3 | − 0.0813 | Efficiency | 0.0043 | Inefficiency |
0.4 | − 0.0006 | Efficiency | 0.0730 | Inefficiency |
0.5 | 0.0679 | Inefficiency | 0.1795 | Inefficiency |
0.6 | 0.1400 | Inefficiency | 0.2277 | Inefficiency |
0.7 | 0.2139 | Inefficiency | 0.2667 | Inefficiency |
0.8 | 0.2987 | Inefficiency | 0.3366 | Inefficiency |
0.9 | 0.3631 | Inefficiency | 0.4126 | Inefficiency |