Unraveling nuclear connections in energy market dynamics

Muhammad Shahzad Ijaz, Brian M. Lucey, Alishba Rahman and Mushtaq Hussain Khan

Finance Research Letters, 2025, vol. 74, issue C

Abstract: 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.

Keywords: Uranium stocks; Uranium future; Fossil fuels; Portfolio optimization; Nuclear energy; Climate Action (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612324017069

DOI: 10.1016/j.frl.2024.106677

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