The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach

In this study the relation between stock markets and precious metals during first wave of Covid-19 pandemic are investigated. We use a wavelet-based quantile procedure to investigate correlation between major stock markets of emerging countries (BRIC) and the United States. Our procedure reveals tha...

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Detalles Bibliográficos
Autores principales: Alqaralleh, Huthaifa, Canepa, Alessandra
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8716323/
https://www.ncbi.nlm.nih.gov/pubmed/34980935
http://dx.doi.org/10.1016/j.resourpol.2021.102532
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author Alqaralleh, Huthaifa
Canepa, Alessandra
author_facet Alqaralleh, Huthaifa
Canepa, Alessandra
author_sort Alqaralleh, Huthaifa
collection PubMed
description In this study the relation between stock markets and precious metals during first wave of Covid-19 pandemic are investigated. We use a wavelet-based quantile procedure to investigate correlation between major stock markets of emerging countries (BRIC) and the United States. Our procedure reveals that precious metals offer market diversification opportunities during the period under consideration. In particular, it is found the gold, silver, platinum, and palladium, all serve as safe-haven assets during periods of market distress across short, medium and long investment horizons.
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spelling pubmed-87163232021-12-30 The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach Alqaralleh, Huthaifa Canepa, Alessandra Resour Policy Article In this study the relation between stock markets and precious metals during first wave of Covid-19 pandemic are investigated. We use a wavelet-based quantile procedure to investigate correlation between major stock markets of emerging countries (BRIC) and the United States. Our procedure reveals that precious metals offer market diversification opportunities during the period under consideration. In particular, it is found the gold, silver, platinum, and palladium, all serve as safe-haven assets during periods of market distress across short, medium and long investment horizons. Elsevier Ltd. 2022-03 2021-12-28 /pmc/articles/PMC8716323/ /pubmed/34980935 http://dx.doi.org/10.1016/j.resourpol.2021.102532 Text en © 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Alqaralleh, Huthaifa
Canepa, Alessandra
The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach
title The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach
title_full The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach
title_fullStr The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach
title_full_unstemmed The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach
title_short The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach
title_sort role of precious metals in portfolio diversification during the covid19 pandemic: a wavelet-based quantile approach
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8716323/
https://www.ncbi.nlm.nih.gov/pubmed/34980935
http://dx.doi.org/10.1016/j.resourpol.2021.102532
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