Muhammad Shahzad Ijaz , Brian M. Lucey , Alishba Rahman , Mushtaq Hussain Khan
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Unraveling nuclear connections in energy market dynamics
The transition to sustainable energy has become crucial for effective climate action, with clean energy sources becoming increasingly prominent in investment portfolios. In this context, this study investigates the connectedness between uranium stocks, uranium future, and fossil fuel markets. The analysis reveals that the uranium assets act as receivers of return spillovers, while fossil fuels act as shock transmitters. Our portfolio analysis indicates that incorporating uranium stocks into traditional fossil fuel portfolios can enhance diversification gains. These insights are valuable for policymakers and portfolio managers, aiding in portfolio optimization, risk management, and market stability.
期刊介绍：
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
Papers are invited in the following areas:
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