Note(s): The table presents the risk and return characteristics of Tesla, Inc. equity during the periods where the firm did not utilize cryptocurrencies and where the firm utilized cryptocurrencies within its corporate treasury strategies. The average daily returns, the standard deviation of the returns, beta of the stock and the Sharpe Ratio of the equity are presented for each period separately. The excess daily return is the daily average return minus the daily average stock market (S&P500) return

Source(s): Authors’ own work