Assessing connectedness of transportation cryptocurrencies and transportation stocks: Evidence from wavelet quantile correlation

被引：15

作者：

Patel, Ritesh ^{[1
]}

Goodell, John W. ^{[2
]}

Chishti, Muhammad Zubair ^{[3
]}

机构：

[1] Nirma Univ, Inst Management, Dept Finance & Accounting, Nirma, India

[2] Univ Akron, Coll Business, Dept Finance, Akron, OH 44325 USA

[3] Zhengzhou Univ, Business Sch, Zhengzhou 450001, Henan, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2023年 / 58卷

关键词：

Transportation cryptocurrencies; Transportation equity; Wavelet quantile correlation; Connectedness; Portfolio diversification; EFFICIENT TESTS;

D O I：

10.1016/j.frl.2023.104504

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate the interconnections between transportation cryptocurrencies and transportation stocks using a wavelet quantile correlation approach. We find transportation cryptocurrencies have a negative relationship with transportation stocks over most conditions and time periods, indicating opportunity for diversifying transportation stocks. However, in contrast, under some conditions, transportation cryptocurrencies have weak, almost economically inconsequential positive connectedness with transportation stocks, Overall, we highlight that transportation cryptocurrencies provide important diversification opportunities for transportation stock.

引用

页数：8

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