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Är Bitcoin det nya guldet?
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2017 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [sv]

Syftet med studien är att undersöka bitcoins kapacitet som hedge gentemot den svenska aktiemarknaden. För att identifiera om korrelation existerar mellan avkastningen i bitcoin och SIX30RX (OMXS30 med utdelning) och således besvara forskningsfrågan studeras associationen. Tidsperioden som studeras är 2012-01-02 till 2016-10-21. Associationen undersöks med hjälp av regressionsmodeller. Resultatet visar att bitcoin inte är korrelerat med avkastningen för SIX30RX under den studerade tidsperioden. Bitcoin kan således klassificeras som en hedge gentemot den svenska aktiemarknaden.

Abstract [en]

This paper examines bitcoin’s capacity as a hedge towards the Swedish stock market. To identify if correlation exists between the returns of bitcoin and SIX30RX (OMXS 30 including dividends) and thus respond to the research question the association is investigated. The time period considered is 2012-01-02 to 2016-10-21. Association is analysed using regression models. The results demonstrate that bitcoin is uncorrelated with the return for SIX30RX during this time period. Therefore, bitcoin can be classified as a hedge against the Swedish stock market. 

Place, publisher, year, edition, pages
2017. , p. 32
Keywords [en]
Bitcoin; hedge; portfolio theory; GARCH
Keywords [sv]
Bitcoin;hedge; portföljteori; GARCH
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-314650OAI: oai:DiVA.org:uu-314650DiVA, id: diva2:1071347
Subject / course
Business Studies
Educational program
Bachelor Programme in Business and Economics
Supervisors
Examiners
Available from: 2017-02-06 Created: 2017-02-06Bibliographically approved

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf