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Twitter matters for metaverse stocks amid economic uncertainty

Author

Listed:
  • Ahmet Faruk Aysan

    (HBKU - Hamad Bin Khalifa University)

  • Jonathan Batten

    (RMIT University - Royal Melbourne Institute of Technology University)

  • Giray Gozgor

    (University of Bradford, LAU - Lebanese American University)

  • Rabeh Khalfaoui

    (ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

  • Zhamal Nanaeva

    (HBKU - Hamad Bin Khalifa University)

Abstract

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.

Suggested Citation

  • Ahmet Faruk Aysan & Jonathan Batten & Giray Gozgor & Rabeh Khalfaoui & Zhamal Nanaeva, 2023. "Twitter matters for metaverse stocks amid economic uncertainty," Post-Print hal-04316403, HAL.
    • Handle: RePEc:hal:journl:hal-04316403
    DOI: 10.1016/j.frl.2023.104116
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    References listed on IDEAS

    as
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