可再生能源代币与可再生能源股票市场之间的极端回报连接:基于量子的分析证据
1Vocational School of Social Sciences, Hitit University, 19000, Corum, Turkey. ustaogluerkan@hotmail.com.
Environmental science and pollution research international
|December 19, 2023
概括
可再生能源代币和股票指数在极端市场事件中显示出更多的回报连接,而不是正常条件. 投资者应该监控这些动态溢出效应,以进行投资组合调整.
科学领域:
- 金融 金融 金融 金融 金融
- 经济学 经济学 经济学
- 环境研究 环境研究
背景情况:
- 可再生能源代币提供投资组合多样化,并支持绿色能源项目.
- 代币和股票都为投资可再生能源提供了途径,尽管它们具有不同的特点.
研究的目的:
- 调查可再生能源代币和可再生能源股票指数之间的回报连接.
- 分析市场条件和极端事件如何影响这种关系.
主要方法:
- 使用QVAR模型来检查回报溢出效应.
- 使用特定的可再生能源代币 (EWT,PWR,SNC,WPR) 和股票指数 (威尔德希尔清洁能源指数,标准普尔全球清洁能源指数,欧洲可再生能源指数).
主要成果:
- 在正常市场条件下,回报溢出效应显著低.
- 在极端的市场下跌和上期间,互联互通性大幅增加.
- 溢出是不对称的,时间不同,受到COVID-19和俄罗斯-乌克兰战争等重大全球事件的影响.
结论:
- 可再生能源代币和股票指数表现出动态和有条件的回报连接.
- 投资者和投资组合经理必须不断评估这些不断变化的溢出效应,以优化投资策略.
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