Press Release: Appold launches two new Market Indicators
Appold Launches two new Market Indicators
20 November 2020
PRESS RELEASE
Appold Launches two new Market Indicators
London, United Kingdom – Appold is pleased to announce the launch today of the Appold Digital Return Indicator (“ADRI”) and the Appold Digital Capitalisation Indicator (“ADCI”). This launch is in response to increased enquiries from institutions seeking to develop their understanding of this asset class.
The primary objective is to serve as a barometer for digital asset performance, specifically focused on assets deemed more suited for the institutional market. This will allow more relevant comparisons to other market sectors and create further awareness on volatility and year-to-date market returns. These indicators are not investment products or recommendations for portfolio allocation.
Following the recent development of an Appold in-house rating system for mainstream digital assets, the baskets will only include Appold “A” rated assets. These are considered more relevant for institutional investors observing this sector of the market. The rating process involves consideration of criteria such as:
· Minimum market capitalisation
· Easy access across venues with robust corporate governance
· Full market liquidity across multiple prices, i.e. full order book depth
· A strong track record of tight Bid/Offer market spreads
· Meeting required volatility parameters within the sector
· Having a strong Appold Technology Adoption Rating for commercial use cases in the global market
The Appold Digital Return Indicator (ADRI)
The ADRI represents the total return performance for the basket of Appold “A” rated assets. The objective of this factor Indicator is to compare the institutionally focused basket to the performance of other assets, both digital and non-digital, as a tracking tool. This indicator represents the percentage change in total return performance of the basket over time.
The Appold Digital Capitalisation Indicator (ADCI)
The ADCI represents the market capitalisation of the basket of Appold “A” rated digital assets. The objective of this indicator is to provide insight into both supply and price changes within this market. It is calculated by multiplying the price and the circulating supply of digital assets and then summing the basket of coins to calculate a non-tradable indicator
Both the ADRI and ADCI draw price data from aggregated sources and are calculated daily. The results are published weekly in the Appold Market Watch report and Appold website.
Appold Digital Services
Deeper insights, daily pricing and individual digital asset rankings are available to Appold clients and AppoldLink professional subscribers.
Robert Gaskell, Founder and Partner of Appold said, “As a business with a significant focus on digital assets, it is important that we create products and services that are relevant to our client’s needs. By creating these Indicators along with our digital ratings, we are able to deliver more focused research tools to our clients in order to provide more transparency and reduce risk in their decision‑making process”.
About Appold
Based in London, Appold is an emerging technology advisory and investment firm focused on fintech, blockchain, AI and cleantech. Appold assists technology providers, investment groups and institutions, with services including growth, M&A and technology implementation.
For further information, please contact: info@appold.com
Indicators can be viewed on the Appold website: www.appold.com