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Journals / Bitlis Eren Üniversitesi Fen Bilimleri Dergisi / 2020 / Volume: 9 Issue: 4

Interdependence of Bitcoin and Other Crypto Money Indicators: CD Vine Copula Approach

Ayse Karakaş(bitlis eren üniversitesi)0000-0003-3552-0105
Aslıhan Demir(FIRAT UNIVERSITY)0000-0003-4532-1564
Sinan Çalik(FIRAT UNIVERSITY)0000-0002-4258-1662
Pages
—
Publication Date
2020-12-25
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results show that there is a strong dependence between bitcoin and prominent financial indicators.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In recent years, there has been a growing interest on the combination of copulas with mixture model.
📊
Key Findings & Data:The combination of vine copulas incorporated into a finite mixture model is also helpful to capture secret structures in a data.
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Conclusion & Impact:The results show that there is a strong dependence between bitcoin and prominent financial indicators.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Vine Copula · C Vine copula · D vine copula

Abstract

In recent years, there has been a growing interest on the combination of copulas with mixture model. The combination of vine copulas incorporated into a finite mixture model is also helpful to capture secret structures in a data. This paper aims to examine the relationship between bitcoin and other crypto money indicators with the CD Vine Copula Approach method. In the study, we use closing prices of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and IOT. The results show that there is a strong dependence between bitcoin and prominent financial indicators.

Özet

In recent years, there has been a growing interest on the combination of copulas with mixture model. The combination of vine copulas incorporated into a finite mixture model is also helpful to capture secret structures in a data. This paper aims to examine the relationship between bitcoin and other crypto money indicators with the CD Vine Copula Approach method. In the study, we use closing prices of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and IOT. The results show that there is a strong dependence between bitcoin and prominent financial indicators.

🔖

Cite This Article

Karakaş, A., Demir, A., Çalik, S. (2020). Interdependence of Bitcoin and Other Crypto Money Indicators: CD Vine Copula Approach. Bitlis Eren Üniversitesi Fen Bilimleri Dergisi, Volume: 9 Issue: 4. https://doi.org/10.17798/bitlisfen.770929

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