Twitter matters for metaverse stocks amid economic uncertainty

【Author】 Aysan, Ahmet Faruk; Batten, Jonathan A.; Gozgor, Giray; Khalfaoui, Rabeh; Nanaeva, Zhamal

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】The study examines the relationship between economic uncertainty, as measured by the Twitterbased economic uncertainty index (TEU), and Metaverse stocks across different time-frequency domains. By employing Wavelet Local Multiple Correlation analysis, we identify a substantial and statistically significant correlation between TEU and the Metaverse stock market across all time horizons examined. The positive correlation is confirmed when two alternative measures of economic uncertainty: crude oil and gold volatility, are included. The results highlight the importance of considering real-world economic uncertainty in decision-making processes involving virtual reality environments.

【Keywords】Metaverse stocks; Wavelet local multiple correlation; Crude oil volatility; Gold volatility; Twitter-based economic uncertainty index

【发表时间】2023 SEP

【收录时间】2023-08-09

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-市场分析