Examinando por Materia "Activo refugio"

Mostrando 1 - 3 de 3
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    Ítem
    Análisis de activos financieros en Colombia; cobertura a posiciones en Bitcoin
    (Universidad EAFIT, 2022) Escobar Anduquia, Christian Daniel; Avella Jiménez, Sebastián Darío; Rojas Ormaza, Brayan Ricardo
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    Ítem
    Efecto de la quiebra del Silicon Valley Bank en la volatilidad del mercado de criptomonedas y su posible papel como activo refugio en tiempos de incertidumbre
    (Universidad EAFIT, 2023) Bohórquez Arango, Camilo; Villegas Restrepo, Rubén Santiago; Botero Ramírez, Juan Carlos
    The objective of this paper is to analyze the role that cryptocurrencies markets have been exerting on financial markets. Specifically, it analyzes the impact that the bankruptcy of Silicon Valley Bank had on both the cryptocurrency market and the stock market in order to determine whether cryptocurrencies can be considered a safe-haven asset in times of high uncertainty. The methodology consisted of building up a cryptocurrency index using a back-testing and weighting methodology by market capitalization, in order to make a comparison with the stock market. Subsequently, several statistical tests were performed to determine whether the collected data were normally distributed or autocorrelated. Finally, through a time window analysis, the impact that the bank’s bankruptcy had on both markets was analyzed, comparing volatilities as well as returns prior to the day of the event, during the event and after it.
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    Publicación
    El sector energético como activo refugio : un análisis del XLE tras la invasión de Rusia a Ucrania
    (Universidad EAFIT, 2025) Vera Cortés, Alfonsina del Mar; Puerta Álvarez, Henry Daniel
    This study analyzes whether the U.S. energy sector, represented by the XLE ETF, can be considered a safe haven asset in the context of disruptive geopolitical and economic events, such as the Russia-Ukraine war and the COVID-19 pandemic. Using daily data from 2019 to 2025, the behavior of XLE, the S&P 500, gold (XAU/USD), oil prices (WTI and Brent), and inflation expectations (sourced from the FRED database) are examined. Through statistical and graphical tools, the analysis shows that XLE experienced a significant recovery after the onset of the conflict, remaining relatively stable compared to the volatility of other assets such as oil and gold. In contrast, gold—traditionally viewed as a safe haven—lost stability after the war began, with a delayed recovery. The differing behavior of WTI and Brent highlights the influence of regional geopolitical factors. Inflation expectations also played a key role in shaping asset dynamics. The results suggest that, although gold remains relevant as a safe haven, the U.S. energy sector—particularly the XLE—has gained prominence as a potential defensive alternative for investors during periods of high uncertainty.