Author(s)

Jiawen Lv, Yujia Hou, Ying Zhu

Corresponding Author

Jiawen Lv

Abstract

In this paper, we employ wavelet correlation analysis to investigate the fluctuations and stability of Bitcoin, gold prices, and the S&P index. Our study utilizes data spanning from January 1, 2020, to June 1, 2022, to delve into their interconnectedness and causal relationships. The findings underscore the importance of thoughtful investment strategies, as revealed by the dynamic interactions among these assets. By offering insights into the interplay of these key financial indicators, our research aims to equip investors with a more informed and nuanced perspective on their investment decisions, ultimately facilitating a clearer understanding of the intricacies involved in the investment landscape.

Keywords

Wavelet correlation, investment, economic policy