Co-movements between Renewable Energy, Oil & Gas, and Technology in Europe: Implications for Investment Decisions
In this study, the relationship between the returns of stock indices for renewable energy, oil & gas and technology is analysed in a European context with the use of a DCC GARCH model. Results show that conditional correlations peaked during four years following the 2008 financial crisis but has since then reverted to pre-crisis levels. Hedge ratios imply that renewable energy stocks can be sh
