Cryptocoin Index
The Cryptocoin Index tracks the performance of the five largest cryptocurrencies as measured by market capitalization on a weekly basis since April 28, 2013. It is constructed following a Laspeyres-approach by weighting the prices of the five identified cryptocurrencies with the corresponding share on their aggregated market capitalization.
For further information on the index see Article 1 and Article 2. For information on cryptocurrencies from a Swiss investor’s perspective see Article 3.
Services
AVACO is a company with a long-term experience in financial markets and agent-based modeling. We specialize in building complex, adaptive, multivariate market models to optimize our customers‘ returns and minimize their risks.
With our experience in both financial markets and agent-based computational economics, we offer our shared knowledge as a research and consulting service to our customers. Agent-based computational economics is a relatively novel modeling approach, where market participants are modeled as autonomous, goal-oriented, interactive agents. Agents try to allocate their resources optimally, basing their decision on a set of fundamental and technical factors. Unlike other modeling techniques, agent-based modeling combines both a micro- and a macro-perspective in a single, coherent view. Agent-based modeling thus allows one to simulate herding behavior as well as boom or crash situations for a variety of markets.
Publications
The following collection of articles and studies gives an overview of our research and services.
-
Thomas Ankenbrand, Denis Bieri, Roland Cortivo, Johannes Hoehener, Thomas Hardjono Proposal for a Comprehensive (Crypto) Asset Taxonomy (2020)
-
Ankenbrand, T., Bieri, D. (2018): Assessment of Cryptocurrencies as an Asset Class by Their Characteristics. Investment Management and Financial Innovations, 15(3), 169-181 (2018).
-
Ankenbrand, T. (2017): Crypto Currencies - Facts and Figures as an Asset Class (Video) (2017)
-
Ankenbrand, T., Bieri, D. (2017): Cryptocurrencies from a Swiss investors' perspective (2017)
-
Ankenbrand, T., Bieri, D. (2017): Cryptocoin Index (Episode 2) (2017)
-
Ankenbrand, T., Bieri, D. (2017): Cryptocoin Index (2017)
-
Ankenbrand T., Ben Bouheni F. (2015): Does strong Regulation help the Swiss Real Estate Market? (2015)
-
Dao T. B., Ankenbrand T. (2015): Capital Adequacy & Banking Risk - An empirical study on Vietnamese Banks. Conference paper published at the Prepasup International Conference 2015. (2015)
-
Finews.ch Interview mit Thomas Ankenbrand zum Immobilienmarkt Schweiz: «Was droht, ist ein langer Abschwung» (2014)
-
NZZ-Online Artikel mit Marie Seiler, Thomas Ankenbrand und Jörg Gerigk: "Immobilienpreise vor dem Sinkflug" (2014)
-
Kostadinov F., Holm S., Steubing B., Thees O., Lemm R. (2014): Simulation of a Swiss wood fuel and roundwood market: An explorative study in agent-based modeling. Forest Policy and Economics. No. 38. p. 105-118. (2014)
-
AVACO Working Paper I/2013: "Agent-based modelling and the Swiss real estate market" (2013)
-
AVACO Working Paper II/2013: "Swiss Real Estate Market – Is Soft Landing an Option?" (2013)
-
Kostadinov F. (2013): An agent-based model of a Swiss real estate market. European Social Simulation Association (ESSA) conference 2013, Warsaw. (2013)
-
Kostadinov F., Steubing B., Holm S. (2012): Vorgehen zur agentenbasierten Modellierung eines schweizerischen Waldenergieholzmarktes. Schweizerische Zeitschrift für Forstwesen (SZF). No. 163, Vol. 10. p. 422-431. (2012)
-
Kostadinov F., Lemm R., Thees O. (2012): Ein Instrument zur Schätzung von Holzernteproduktivitäten mittels der kNN-Methode. Schweizerische Zeitschrift für Forstwesen (SZF). No. 163, Vol. 4. p. 119-129. (2012)
-
Kostadinov F., Steubing B. (2011): An agent-based model of an energy wood market in a Swiss region. European Social Simulation Association (ESSA) conference 2011, Montpellier. (2011)
-
Kostadinov F. (2005): Direkt Profil - Implementation of a Text Critiquing System for Non-Native Students of French. Thesis for MSc in Computer Science. University of Zürich. Advisor: Prof. Dr. Michael Hess. (2005)
-
Ankenbrand T., Tomassini M. (1999): Simulation Model of Financial Markets. Proceedings of the International Congress on Compuational Intelligence (ICGC) Methods and Applications. Rochester, N.Y., USA. (1999)
-
Ankenbrand T., Klan P. (1999): Application of Information in Financial Markets Prediction. Proceedings of Financial Management Association (FMA) European Conference. Barcelona, Spain. (1999)
-
Ankenbrand T. (1998): Financial markets as a complex system. PhD thesis presented at the University of Lausanne. (1998)
-
Klán P., Wilkie J., Ankenbrand T. (1998a): On the Application of Information in Time Series Analysis. Neural Network World. No. 1. p. 39-50. (1998)
-
Klán P., Wilkie J., Ankenbrand T. (1998b): Application of Information in Time Series Analysis. Computation in Economics, Finance and Engineering: Economic Systems (CEFES98). Cambridge, UK. (1998)
-
Ankenbrand T., Tomassini M. (1997): Agent-based Simulation of Multiple Financial Markets. Neural Network World, 1997. p. 397-405. (1997)
-
Ankenbrand T., Tomassini M. (1996a): Forecasting financial multivariate time series with neural networks. Conference Proceedings of the International Symposium on Neuro-Fuzzy Systems 1996. (1996)
-
Ankenbrand T., Tomassini M. (1996b): Predicting multivariate financial time series using neural networks: the Swiss bond case. Proceedings of the IEEE/IAFE Conference on Computational Intelligence for Financial Engineering. IEEE. New York, USA. p. 27-30. (1996)
-
Ankenbrand T. (1995): Neural Networks and Statistical Forecasting of Multivariate Economical and Financial Time Series. Neural Network World. No. 5, Issue 4. (1995)
-
Ankenbrand T., Tomassini M. (1995): Multivariate Time Series Modeling of Financial Markets with Artificial Neural Networks. In Pearson D. W., Steele N. C., Albrecht F. (editors; 1995): Proceedings of International Conference on Artificial Neural Networks and Genetic Algorithms (ICANNG95). Springer-Verlag, KG. Vienna, Austria. p. 257-260. (1995)
-
Ankenbrand T. (1991): Information Retrieval mit neuronalen Netzen bei externer Speicherung der Daten in einer Netzwerkdatenbank - Erläuterung eines mit C++ und db_VISTA entwickelten Prototyps. Thesis for lic. oec. inform. HSG. University of St. Gallen. Advisor: Prof. Dr. Erwin Nievergelt. (1991)