Ntare, Hamdan Bukenya; Muteba Mwamba, John; Adekambi, Franck - In: Cogent economics & finance 12 (2024) 1, pp. 1-33
This study examines the dynamic correlations and hedge ratios of precious metal stock returns of the Johannesburg stock exchange in pre- and post-COVID scenarios to determine if they can be used to hedge against adverse market movements. The study uses daily return series of four gold stocks and...