Twitter matters for metaverse stocks amid economic uncertainty - Archive ouverte HAL
Article Dans Une Revue Finance Research Letters Année : 2023

Twitter matters for metaverse stocks amid economic uncertainty

Résumé

This paper examines the influence of economic uncertainty, measured by the Twitter-based economic uncertainty index (TEU), on Metaverse stocks across various time-frequency domains. Employing the Wavelet Local Multiple Correlation analyses, we find a robust correlation between the TEU and Metaverse stocks market across all examined time horizons. Moreover, the findings confirm the positive correlation by including crude oil and gold volatilities. Obtained results bear significant policy implications for investors and traders, emphasizing the importance of considering economic uncertainty in decision-making processes.

Dates et versions

hal-04316403 , version 1 (30-11-2023)

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Citer

Ahmet Faruk Aysan, Jonathan Batten, Giray Gozgor, Rabeh Khalfaoui, Zhamal Nanaeva. Twitter matters for metaverse stocks amid economic uncertainty. Finance Research Letters, 2023, 56, pp.104116. ⟨10.1016/j.frl.2023.104116⟩. ⟨hal-04316403⟩
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