Table 1 Descriptive statistics for daily...

Table 1

Descriptive statistics for daily returns of Bitcoin and energy commodities

	Bitcoin	Crude oil WTI	Brent oil	Gasoline RBOB	Heating oil	London gas_oil	Natural gas
Mean	0.003414	0.009484	0.000247	0.000959	0.000187	0.000213	0.000167
Median	0.002461	0.001962	0.000452	−0.000292	1.28E-05	0.000000	−0.000157
Maximum	0.226412	2.012110	2.015609	2.989895	3.008068	2.023857	2.998405
Minimum	−0.182985	−2.008380	−2.007232	−3.004220	−3.011824	−2.029023	−2.997241
Std. Dev	0.040825	0.428115	0.450674	0.498457	0.484460	1.215990	0.499397
Skewness	−0.133704	−0.065129	0.079595	0.004800	−0.003936	0.014897	0.013953
Kurtosis	7.462392	8.422416	10.04163	10.11375	12.48761	2.240287	12.00799
Jarque–Bera	802.708*	1181.686*	1992.666*	2032.653*	3615.597*	23.2184*	3259.309*
Probability	0.000000	0.000000	0.000000	0.000000	0.000000	0.000009	0.000000
Obs	964	964	964	964	964	964	964

	Bitcoin	Crude oil WTI	Brent oil	Gasoline RBOB	Heating oil	London gas_oil	Natural gas
Mean	0.003414	0.009484	0.000247	0.000959	0.000187	0.000213	0.000167
Median	0.002461	0.001962	0.000452	−0.000292	1.28E-05	0.000000	−0.000157
Maximum	0.226412	2.012110	2.015609	2.989895	3.008068	2.023857	2.998405
Minimum	−0.182985	−2.008380	−2.007232	−3.004220	−3.011824	−2.029023	−2.997241
Std. Dev	0.040825	0.428115	0.450674	0.498457	0.484460	1.215990	0.499397
Skewness	−0.133704	−0.065129	0.079595	0.004800	−0.003936	0.014897	0.013953
Kurtosis	7.462392	8.422416	10.04163	10.11375	12.48761	2.240287	12.00799
Jarque–Bera	802.708*	1181.686*	1992.666*	2032.653*	3615.597*	23.2184*	3259.309*
Probability	0.000000	0.000000	0.000000	0.000000	0.000000	0.000009	0.000000
Obs	964	964	964	964	964	964	964

Note(s): This table presents summary statistics of daily returns for Bitcoin and energy commodities, namely Crude Oil WTI (West Texas Intermediate), Brent Oil, Gasoline RBOB (Reformulated Gasoline Blendstock for Oxygen Blending), Heating Oil, London Gas Oil and Natural Gas. The data period is from August 11, 2015 until March 31, 2018. Statistical significance at the 1% is denoted by *

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