Table I

Summary statistics

BTCXRPLTCDJIAVIXReal EstateBonds
Mean0.00300.00620.00370.00040.00370.00030.0001
SD0.04570.09340.07600.00830.08640.00930.0021
CV15.232715.184720.573023.218723.615429.311624.0852
Skewness0.88386.17175.0947−0.38232.7721−0.3996−0.0928
Kurtosis12.246497.317170.05793.867426.65841.71950.4888

Notes: BTC is Bitcoin, XRP is Ripple, LTC is Litecoin, DJIA is Dow Jones Industrial Average Index, Real Estate is the Vanguard Real Estate Index, and Bonds is the Vanguard Total Bond Market Index. CV is the coefficient of variation. Daily raw price values and raw return values are used for the statistical calculations in the table. The sample period is from August 4, 2013 through January 17, 2019

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