[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 54 KB, 1024x1024, 70D04346-3D97-4129-BA37-A937DBDC64F9.jpg [View same] [iqdb] [saucenao] [google]
14675707 No.14675707 [Reply] [Original]

Have a look at VXV. Elastic, the company behind ElasticSearch, will publish an article very soon about it that the VectorSpace team has created.
It was earlier wrongly stated on /biz/ that this article would be published in late June. It was a misunderstanding and the real statement was that Elastic was ready to publish any article already in June.

If you look into VectorSpace, you’ll see how potentially huge it can be, considering dozens of multibillion hedgefunds, asset managemers and other companies have shown clear interest, including WorldQuant, Bitvore, Accenture and potentially even JP Morgan

To make it short: hidden relations between stocks and and even cryptos exists. If one stock goes parabolic one day, you can create a basket of other stocks(and even cryptos) that have hidden relationship with it. The theory, which has been proven in many events(3 of which will be discussed in the article) states that these stocks/cryptos with sympathetic, symbiotic and parasitic correlation with the stock in question will go parabolic later on once these hidden relationships are figured out by the public
Imagine you see a moon mission and you have a very big chance of catching a comparable one by just creating such basket.

They have done a few one-year backtests utilizing this theory with varying sortino ratios for the pharmaceutical stock market and they all beat the S&P 500 by large magnitudes. For sortino 0.23, had one invested $10k, they would have made a profit of over $7k. That’s pretty impressive by only using baskets

>> No.14675723
File: 95 KB, 1539x958, BE5BC1C1-3A0F-4095-B8C7-8A95BF6438BA.jpg [View same] [iqdb] [saucenao] [google]
14675723

The article is ready to be published

>> No.14675952

Why is the volume so low for such a promising project? Most “successful” cryptos are based on mostly hype. Can this one ever generate such?

>> No.14675983

>>14675707
Why exactly do you need a coin for such a use case

>> No.14676019

i remember your previous thread

why isnt this on CMC? hasnt it been out for months and months?

>> No.14676033

>>14675952
I’m generally not keen on hype. The success in this will come from the multibillion dollar companies that want to utilize this. There are only 3 slots for the top tier services so they have to compete on getting their spot

>>14675983
It uses an API integrated into the token wallet to trade datasets that one can use to create such smart baskets. It’s part of a tokenomic model that is used by many successful companies. Hit the Telegram for a more in-depth explanation by the mastermind himself
https://t me/joinchat/GrCYjA8rPgD8coAiEhRuBA

>> No.14676053

>>14676019
It’s specifically stated why in the Telegram. Main issue was lack of sufficient daily volume. However the volume has grown quite alot recently the past weeks, maybe in anticipation of the Elastic article, so this can quickly change

>> No.14676068

>>14675707
I don't get it, VXV is just a utility token. Why would it gain value? It's only for natural language AI, a small market. Their Medium blog is a wasteland since 3 months. Elastic is a search engine manufacturer, not a fintech.

Even if they turned algorithmic trading upside down, why wouldn't JP Morgan buy out the company, orphan the token and use the IP in their product?

OP, care to address this?

>> No.14676189

>>14676068
>VXV is just a utility token. Why would it gain value?

This is actually answered in the sticky which I can’t post here because I’m on phone and it’s too long. It specifically addresses this with plenty of arguments
>It's only for natural language AI, a small market.
It’s not a small market and can potentially be among the largest markets in the world. Yet the main purpose of VectorSpace is to generate alpha for its users through smart baskets.
>Their Medium blog is a wasteland since 3 months
Telegram is mostly used as the primary community communication channel
>Elastic is a search engine manufacturer, not a fintech.
Elastic has made Kibana which has a powerful tool called Canvas for data visualization which is the main part of the article. This visualization will display the profit generated through the backtests with varying sortino ratios.
>Even if they turned algorithmic trading upside down, why wouldn't JP Morgan buy out the company, orphan the token and use the IP in their product?
I’m pretty sure Kasian answered this some months back. He won’t mind answering it again if you ask