May 18, 2021
Aegis Quantitative I Program was up 1.21% (estimated) for April 2021. Our program’s correlation with Bitcoin daily returns was 0.078 for the month, while historical correlation with Bitcoin remains very low at 0.068 since inception of live trading.
April was a strong month for some of the smaller “ALT coins” (cryptocurrencies other than Bitcoin) in our portfolio, with XRP leading the group with a whopping 180% gain for the month, while others saw gains ranging from 30% - 80%. An important development in cryptocurrency market this month is the public listing of Coinbase (NASDAQ: COIN) on April 14.