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Twitter matters for metaverse stocks amid economic uncertainty

journal contribution
submitted on 2024-01-23, 06:10 and posted on 2024-01-23, 06:10 authored by Ahmet Faruk Aysan, Jonathan A. Batten, Giray Gozgor, Rabeh Khalfaoui, Zhamal Nanaeva

The study examines the relationship between economic uncertainty, as measured by the Twitter-based 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.

Other Information

Published in: Finance Research Letters
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Open Access funding provided by the Qatar National Library.



  • English



Publication Year

  • 2023

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License.

Institution affiliated with

  • Hamad Bin Khalifa University