Connectedness Among the Energy Assets, Energy Commodities, Sustainable Assets and Bitcoin: A Portfolio Diversification Perspective
This study measures the connectedness between energy assets, sustainable assets, energy commodities, and Bitcoin from January 2021 to October 2024. Using the TVP-VAR extended joint connectedness approach, we observe that Bitcoin, crude oil, and renewable energy are network receivers. In contrast, clean energy and SDG are network transmitters, and natural gas acts as a diversifier. Our research provides insights to investors, policymakers, portfolio managers, and governments.
Authors
- Ritesh Patel (ORCID: https://orcid.org/0000-0003-1308-009X)
- Samiur Rehman Shah
Institutions
- Nirma University (IN)
Publication Details
- Journal
- Energy RESEARCH LETTERS
- Published
- 2025-07-13
- DOI
- https://doi.org/10.46557/001c.137232
- Primary Topic
- Market Dynamics and Volatility
- Type
- article
- Field-Weighted Citation Impact
- 0.00