A two-stage framework for enhancing crsyptocurrency portfolio performance: Integrating credibilistic CVaR criterion with a novel asset preselection approach.

ABSTRACT: In an increasingly diverse investment landscape, the cryptocurrency market has emerged as a compelling option, offering the potential for high returns, diversification opportunities, and significant liquidity. However, the inherent volatility and regulatory uncertainties of this market present substantial risks, underscoring the need for a well-structured investment strategy. Among the various strategies available, portfolio optimization has become a dynamic and evolving area of focus in finance. Despite advancements in financial modeling, traditional portfolio optimization models often fall short, as uncertainty remains a fundamental characteristic of capital markets. To address this challenge, this paper integrates credibility theory with the Conditional Value-at-Risk (CVaR) framework, h

SUBMITTER: Ghanbari H 

PROVIDER: S-EPMC12279154 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature