MODELLING THE IMPACT OF COBALT AND LITHIUM PRICE FLUCTUATIONS ON VOLATILITY OF TESLA MOTOR INC. SHARES

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10241095" target="_blank" >RIV/61989100:27510/18:10241095 - isvavai.cz</a>

Výsledek na webu

<a href="https://msed.vse.cz/msed_2018/article/173-JimberDelRio-JuanAntonio-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2018/article/173-JimberDelRio-JuanAntonio-paper.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

MODELLING THE IMPACT OF COBALT AND LITHIUM PRICE FLUCTUATIONS ON VOLATILITY OF TESLA MOTOR INC. SHARES

Popis výsledku v původním jazyce

The development and current technological innovation has triggered the importance of certain metals called critical such as cobalt and, to a lesser extent, lithium. These metals are necessary for the production of batteries, and specifically those of electric vehicles. The spectacular increase of demand for these metals has led to a high increase of the price, due to its reduced availability. Tesla Motors Inc., that has developed the most efficient and long-lasting batteries for the manufacture of its electric vehicles, belongs to companies that are most sensitive to a change of cobalt and lithium prices. The aim of this paper is to examine effects of cobalt and lithium price fluctuations on volatility of Tesla Motors Inc. shares. In order to model mutual relationships between cobalt and lithium prices shocks and Tesla Motors Inc. volatility, we utilized the DCC GARCH model. Empirical analysis is provided on daily data in the period of 2013 - 2017 years. The overall results indicate that changes in lithium prices may have significant impact on volatility of Tesla Motors Inc. shares over time.

Název v anglickém jazyce

MODELLING THE IMPACT OF COBALT AND LITHIUM PRICE FLUCTUATIONS ON VOLATILITY OF TESLA MOTOR INC. SHARES

Popis výsledku anglicky

The development and current technological innovation has triggered the importance of certain metals called critical such as cobalt and, to a lesser extent, lithium. These metals are necessary for the production of batteries, and specifically those of electric vehicles. The spectacular increase of demand for these metals has led to a high increase of the price, due to its reduced availability. Tesla Motors Inc., that has developed the most efficient and long-lasting batteries for the manufacture of its electric vehicles, belongs to companies that are most sensitive to a change of cobalt and lithium prices. The aim of this paper is to examine effects of cobalt and lithium price fluctuations on volatility of Tesla Motors Inc. shares. In order to model mutual relationships between cobalt and lithium prices shocks and Tesla Motors Inc. volatility, we utilized the DCC GARCH model. Empirical analysis is provided on daily data in the period of 2013 - 2017 years. The overall results indicate that changes in lithium prices may have significant impact on volatility of Tesla Motors Inc. shares over time.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

12TH INTERNATIONAL DAYS OF STATISTICS AND ECONOMICS : conference proceedings : September 6–8, 2018, Prague, Czech Republic

ISBN

978-80-87990-14-8

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

12

Strana od-do

729-740

Název nakladatele

MELANDRIUM

Místo vydání

SLANY

Místo konání akce

Prague

Datum konání akce

6. 9. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000455809400073