Daily Market Brief

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Lummis To Announce Strategic Bitcoin Reserve in Nashville

Daily Market Brief

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Solid ETH ETF Debut

Daily Market Brief

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Basis Trade To Drive Early Inflows Into Spot ETH ETFs?

Daily Market Brief

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Biden’s Dropout Opens Up Pro-Crypto Optionality

Daily Market Brief

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Jamie Dimon No Longer Bitcoin Critic?

Daily Market Brief

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Settlement Speculation Drives XRP Above Peers

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Not Bullish Enough

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Can Spot ETH ETFs Catalyze ETH Outperformance?

State of the Korean Crypto Market

Daily Market Brief

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Germany Finally Has Zero BTC (NGMI)

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Risk Asset Selloff Amid Rising Fed Rate Cut Expectation

Daily Market Brief

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BTC ETFs versus Germany

Daily Market Brief

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The Worst 30-day Returns Since FTX

Daily Market Brief

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German Lawmaker Opposes BTC Selloff

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Crypto Sharpe Ratios Are Rolling Over

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Making Sense Of Yesterday’s Selloff

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Trump vs Harris?

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US Labor Market At Inflection Point

Weekly Hot Take

Mt. Gox Repayment: A Catalyst For Long BTC Short BCH Pair Trade?

The Mt. Gox’s Rehabilitation Trustee plans to distribute multi-billion dollars worth of BTCs and BCHs to the Mt. Gox creditors between July 1st and October 31st, 2024. This can create a shift in supply/demand dynamics in BTC and BCH during this 4 months period, potentially opening up a pair trading opportunity.

Daily Market Brief

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Stablecoins’ Growth As #1 Killer App Continues

Daily Market Brief

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Bullish Political Setup For Digital Assets In 2H24

State of the Japanese Crypto Market

Daily Market Brief

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VanEck Files For SOL ETF

Trading Focus

Optimizing Risk-Adjusted Return in Constructing Portfolios of Alphas

Modern Portfolio Theory (MPT), developed by Harry Markowitz in the 1950s, is a foundational concept in investment management and financial theory. It provides a framework for constructing a portfolio of assets to maximize the expected return for a given level of risk or to minimize risk for a given level of expected return. On the other hand, the maximization of risk-adjusted return focuses on maximizing returns after adjusting for risk, using specific performance metrics like the Sharpe or Sortino ratio. This article will assess various models that extend MPT by substituting the risk term in constructing a portfolio of alphas to maximize its risk-adjusted return, where each alpha is treated as an investment asset.