Machine Learning for Crypto Portfolio Management Case Study: Week 1

ML Case Study Banner.png

This week kicks off the start of our case study that will evaluate the application of machine learning for portfolio management. The methodology for this study was first outlined in our previous article.

Each week, we will publish an update to highlight interesting events that took place over the last week, break down the performance metrics from the last week, and provide any changes that will be made to each portfolio.

Follow the progress of this study on Shrimpy.

Nomics ML Strategy

The Nomics ML Strategy leverages the 7-day price predictions generated by the Nomics ML engine. These price predictions are then used to determine which assets should be placed into our portfolio for this week. Additional information regarding the methodology can be found in our previous article.

Portfolio Allocations

Each of the following assets were allocated exactly 10% of the total portfolio value for the first week of this study.

1. Tierion (TNT):

  • Projected 7-day profit: +156.58%

2. Ox (ZRX):

  • Projected 7-day profit: +110.23%

3. ETHLend (LEND):

  • Projected 7-day profit: +61.1%

4. Ripio Credit Network (RCN):

  • Projected 7-day profit: +34.63%

5. Zilliqa (ZIL):

  • Projected 7-day profit: +25.85%

6. Status (SNT):

  • Projected 7-day profit: +24.89%

7. NEO (NEO):

  • Projected 7-day profit: +11.65%

8. MCO (MCO):

  • Projected 7-day profit: +10.49%

9. Ren(REN):

  • Projected 7-day profit: +10.44%

10. Basic Attention Token (BAT):

  • Projected 7-day profit: +10.39%

The average projected 7-day profit is +45.63%.

Portfolio Starting Value

The Nomics ML Strategy was allocated exactly 1,000 USDT at the start of this study.

Coin Gecko Score Strategy

The Coin Gecko Score Strategy uses the “Gecko” score that is calculated by the popular data site “CoinGecko”. These asset scores are used to determine the most promising long-term assets that should be included into a portfolio. Additional information regarding the methodology can be found in our previous article.

Portfolio Allocations

The following assets were allocated exactly 10% of the portfolio value for the first week of this study.

1. Bitcoin (BTC)

2. Ethereum (ETH)

3. Bitcoin Cash (BCH)

4. XRP (XRP)

5. EOS (EOS)

6. TRON (TRX)

7. NEO (NEO)

8. Monero (XMR)

9. Stellar (XLM)

10. Litecoin (LTC)

Portfolio Starting Value

The Coin Gecko Score Strategy was allocated exactly 1,000 USDT at the start of this study.

Coin Market Cap Index Strategy

The Coin Market Cap Index Strategy uses the asset market caps that are calculated by “CoinMarketCap” to determine which assets should be included in the portfolio. Additional information regarding the methodology can be found in our previous article.

Portfolio Allocations

1. Bitcoin (BTC): 77.38% Allocation

2. Ethereum (ETH): 10.12% Allocation

3. XRP (XRP): 4.74% Allocation

4. Bitcoin Cash (BCH): 2.12% Allocation

5. Litecoin (LTC): 1.32% Allocation

6. Binance Coin (BNB): 1.15% Allocation

7. EOS (EOS): 1.09% Allocation

8. Tezos (XTZ): 0.84% Allocation

9. Stellar (XLM): 0.62% Allocation

10. Cardano (ADA): 0.62% Allocation

Portfolio Starting Value

The Coin Market Cap Strategy was allocated exactly 1,000 USDT at the start of this study.

Bitcoin Hold Strategy

The most simple of the strategies we will be exploring is a simple Bitcoin HODL. The Bitcoin HODL strategy will allow us to benchmark these other strategies against the price performance of Bitcoin. Additional information regarding the methodology can be found in our previous article.

Portfolio Allocations

100% Bitcoin

Portfolio Starting Value

The Bitcoin HODL Strategy was allocated exactly 1,000 USDT at the start of this study.

Follow Along with Shrimpy

Shrimpy is an account aggregating platform for cryptocurrency. It is designed for both professional and novice traders to come and learn about the growing crypto industry. Trade with ease, track your performance, and analyze the market. Shrimpy is the trusted platform for trading over $13B in digital assets.

Follow us on Twitter for updates!

Conclusions

There are no conclusions to draw at this stage in the study, so we recommend you check back every week to see how the results are progressing! To keep up to date with the latest articles, you can also join our Telegram Group or follow us on Twitter.

Disclaimer

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Shrimpy or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold Shrimpy, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.

InvestorMichael McCartydata1 Comment