Bitcoin: Like a Satellite or Always Hardcore? - A Core-Satellite Identification in the Cryptocurrency Market

Cryptocurrencies (CCs) become more interesting for institutional investors’ strategic asset allocation and will be a fixed component of professional portfolios in future. This class differs from established assets especially terms the severe manifestation statistical parameters. The question arises whether CCs with similar key figures exist. On this basis, core market incorporating comparable properties enables implementation tracking error approach. A prerequisite is segmentation CC into satellite, latter comprising accumulation residual remaining complement. Using concrete example, we segment these components, based on modern methods image / pattern recognition.