engleski

AN EVIDENCE ON RISK AND RETURN OF CRYPTOCURRENCIES

The main issue of the paper is to examine risk of cryptocurrencies in the period of more intensive trading, from the beginning of 2017 up to mid- spring 2021, thus encompassing the Covid-19 crisis period. The three risk measures are employed: standard deviation, Value at Risk and Conditional Value at Risk. There are periods, like the crisis period, when parallel to the high and growing levels of the measured risk, the appropriate return-risk ratio is increasing even with the higher rates, showing that the risk-taking investment in cryptocurrencies was cost-effective.

cryptocurrencies, risk, return, crisis

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