This study clarifies how risks spread across economic sectors and indicates the sectors that are the most affected to help investors with asset allocation and to support them in risk management. Although the Japanese stock market is one of the relatively large global stock markets, no studies...

This paper comprehensively investigates the connection between oil futures volatility and the financial market based on a data-rich and model-rich environment, which contains traditional prediction models, machine learning models, and combination models. The results highlight the efficiency of...