{"id":"https://openalex.org/W2782890205","doi":null,"title":"Bitcoin a favourable instrument for diversification? : A quantitative study on the relations between Bitcoin and global stock markets","display_name":"Bitcoin a favourable instrument for diversification? : A quantitative study on the relations between Bitcoin and global stock markets","publication_year":2017,"publication_date":"2017-01-01","ids":{"openalex":"https://openalex.org/W2782890205","mag":"2782890205"},"language":"en","primary_location":{"id":"pmh:oai:DiVA.org:umu-136912","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-136912","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/bachelorThesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-136912","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5062795640","display_name":"Dominik Krause","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Dominik Krause","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5016204170","display_name":"Nga Pham","orcid":"https://orcid.org/0000-0002-2504-5008","observed_orcids":["https://orcid.org/0000-0002-2504-5008"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Nga Pham","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-2504-5008","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.5522000193595886,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.5522000193595886,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.22460000216960907,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.11829999834299088,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bitcoin","display_name":"Bitcoin","score":1.0},{"id":"https://openalex.org/keywords/cryptocurrency","display_name":"cryptocurrency","score":0.7670000195503235},{"id":"https://openalex.org/keywords/portfolio-diversification","display_name":"portfolio diversification","score":0.9929999709129333},{"id":"https://openalex.org/keywords/stock-market-correlation","display_name":"stock market correlation","score":0.796999990940094},{"id":"https://openalex.org/keywords/bitcoin-returns","display_name":"Bitcoin returns","score":0.5770000219345093},{"id":"https://openalex.org/keywords/value-at-risk","display_name":"value at risk","score":0.7680000066757202},{"id":"https://openalex.org/keywords/volatility","display_name":"volatility","score":0.6380000114440918},{"id":"https://openalex.org/keywords/return-prediction","display_name":"return forecasting","score":0.7789999842643738},{"id":"https://openalex.org/keywords/investment-risk","display_name":"investment risk","score":0.40799999237060547}],"concepts":[{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.7069641351699829},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.6784012317657471},{"id":"https://openalex.org/C180706569","wikidata":"https://www.wikidata.org/wiki/Q13479982","display_name":"Cryptocurrency","level":2,"score":0.6649309396743774},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.6641572713851929},{"id":"https://openalex.org/C48220719","wikidata":"https://www.wikidata.org/wiki/Q10836209","display_name":"Digital currency","level":3,"score":0.6138054728507996},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.6102121472358704},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5916663408279419},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5242790579795837},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.4647594690322876},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4474430978298187},{"id":"https://openalex.org/C2776983043","wikidata":"https://www.wikidata.org/wiki/Q986008","display_name":"Payment system","level":3,"score":0.4307856559753418},{"id":"https://openalex.org/C47487560","wikidata":"https://www.wikidata.org/wiki/Q4112083","display_name":"Virtual currency","level":3,"score":0.41814666986465454},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.38169705867767334},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35720330476760864},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2305489182472229},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.18313747644424438},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.11860918998718262},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.08639708161354065},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.07534286379814148},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:DiVA.org:umu-136912","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-136912","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/bachelorThesis"},{"id":"mag:2782890205","doi":null,"is_oa":false,"landing_page_url":"http://umu.diva-portal.org/smash/record.jsf?pid=diva2%3A1114804","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:DiVA.org:umu-136912","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-136912","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/bachelorThesis"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":50,"referenced_works":["https://openalex.org/W103145994","https://openalex.org/W134046752","https://openalex.org/W576574031","https://openalex.org/W641010408","https://openalex.org/W646928344","https://openalex.org/W752731840","https://openalex.org/W1132264878","https://openalex.org/W1491087240","https://openalex.org/W1560502112","https://openalex.org/W1588163064","https://openalex.org/W1621840449","https://openalex.org/W1931905523","https://openalex.org/W1969852690","https://openalex.org/W1999996900","https://openalex.org/W2004776253","https://openalex.org/W2011434592","https://openalex.org/W2018742491","https://openalex.org/W2060955223","https://openalex.org/W2062359354","https://openalex.org/W2066032575","https://openalex.org/W2073694550","https://openalex.org/W2091662046","https://openalex.org/W2102148524","https://openalex.org/W2110939842","https://openalex.org/W2116512828","https://openalex.org/W2144380346","https://openalex.org/W2145501956","https://openalex.org/W2146288277","https://openalex.org/W2154505708","https://openalex.org/W2162656107","https://openalex.org/W2173645456","https://openalex.org/W2184545129","https://openalex.org/W2214897964","https://openalex.org/W2232050559","https://openalex.org/W2484465169","https://openalex.org/W2534850783","https://openalex.org/W2550780206","https://openalex.org/W2563871999","https://openalex.org/W2566108769","https://openalex.org/W2566835421","https://openalex.org/W2591368336","https://openalex.org/W2790014273","https://openalex.org/W2798750840","https://openalex.org/W2999958477","https://openalex.org/W3116776611","https://openalex.org/W3122152083","https://openalex.org/W3122255400","https://openalex.org/W3124555749","https://openalex.org/W3125034725","https://openalex.org/W3125240613"],"related_works":["https://openalex.org/W4294686686","https://openalex.org/W4399035645","https://openalex.org/W7148842075","https://openalex.org/W2992613345","https://openalex.org/W7044987707","https://openalex.org/W3006905065","https://openalex.org/W7128061920","https://openalex.org/W7134958752","https://openalex.org/W2789226669","https://openalex.org/W7134934382"],"abstract_inverted_index":{"Bitcoin":[0,27,50,77,101,120,158,213,229,256],"is":[1,16,28,96,121,140,159,214,230,257,286,304],"a":[2,80,122,153,182,216,231,236],"peer":[3,5],"to":[4,39,87,97,108,117,129,138,142,155,191,206,210,225,234,270,289],"(p2p)":[6],"payment":[7],"cash":[8],"system":[9],"and":[10,19,43,59,107,150,181,250,276],"an":[11],"unregulated":[12],"digital":[13],"currency":[14,58,115,282],"that":[15,112,127,228,255,295],"primarily":[17],"designed":[18],"developed":[20],"in":[21,37,70,152],"2008":[22],"without":[23],"tender":[24],"legal":[25],"status.":[26],"so-called":[29],"cryptocurrency":[30],"because":[31],"it":[32,239,285],"uses":[33],"the":[34,41,55,67,71,110,113,179,193,197,202,226,245,251,271,277,280],"cryptographic":[35],"function":[36],"order":[38],"secure":[40],"creation":[42],"transfer":[44],"of":[45,73,93,196,244,274],"money.":[46],"During":[47],"recent":[48],"years,":[49],"has":[51,168,188,265,283],"been":[52,169,189,267],"emerging":[53],"as":[54,63,65,176,178,238,284],"well-known":[56],"electronic":[57,114,281],"gaining":[60],"popularity":[61],"worldwide":[62],"well":[64,177],"caught":[66],"media":[68],"attention":[69,269],"area":[72],"volume":[74],"trading.":[75],"Therefore,":[76,133],"will":[78],"be":[79],"potential":[81],"financial":[82,162,262],"asset":[83],"for":[84,125,308],"investors":[85,126],"due":[86],"its":[88],"extraordinary":[89],"returns.":[90],"The":[91,222,293],"purpose":[92],"this":[94],"research":[95,252],"find":[98],"out":[99],"how":[100],"returns":[102,209],"correlate":[103],"with":[104,145,185,242],"stock":[105,148,247],"markets":[106,149],"assess":[109],"risk":[111,167,275],"bears,":[116],"conclude":[118],"whether":[119,212],"favourable":[123,232],"instrument":[124,233],"want":[128],"diversify":[130,235],"their":[131],"portfolios.":[132],"daily":[134],"data":[135],"from":[136],"2013":[137],"2017":[139],"used":[141,288],"measure":[143],"correlations":[144],"major":[146],"global":[147],"analyse":[151],"regression":[154,183],"what":[156],"extend":[157],"integrated":[160,260],"into":[161,261],"systems.":[163,263],"In":[164],"addition,":[165],"Bitcoin\u2019s":[166],"measured":[170],"by":[171],"estimating":[172],"value":[173],"at":[174],"risk,":[175],"volatility":[180],"analysis":[184],"explanatory":[186],"variables":[187],"performed":[190],"identify":[192,211],"driving":[194],"factors":[195],"unusually":[198],"high":[199],"volatility.":[200],"Finally,":[201],"researchers":[203,223],"constructed":[204],"models":[205],"forecast":[207],"expected":[208],"rather":[215],"short":[217],"or":[218,300],"long":[219],"term":[220],"instrument.":[221],"came":[224],"conclusion":[227],"portfolio":[237],"correlates":[240],"negatively":[241],"most":[243],"analysed":[246],"market":[248],"indices":[249],"result":[253],"showed":[254],"not":[258],"yet":[259],"It":[264],"however":[266],"paid":[268],"new":[272],"types":[273],"questionable":[278],"image":[279],"often":[287],"support":[290],"criminal":[291],"activities.":[292],"fact":[294],"no":[296],"authority,":[297],"clearing":[298],"house":[299],"central":[301],"bank's":[302],"involvement":[303],"present,":[305],"creates":[306],"uncertainty":[307],"many":[309],"investors.":[310]},"counts_by_year":[{"year":2020,"cited_by_count":1}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2018-01-26T00:00:00"}
