{"id":"https://openalex.org/W3008936398","doi":"https://doi.org/10.4018/ijoris.2020040102","title":"The Relationship Between Bitcoin and Stock Market","display_name":"The Relationship Between Bitcoin and Stock Market","publication_year":2020,"publication_date":"2020-02-28","ids":{"openalex":"https://openalex.org/W3008936398","doi":"https://doi.org/10.4018/ijoris.2020040102","mag":"3008936398"},"language":"en","primary_location":{"id":"doi:10.4018/ijoris.2020040102","is_oa":true,"landing_page_url":"https://doi.org/10.4018/ijoris.2020040102","pdf_url":"https://www.igi-global.com/ViewTitle.aspx?TitleId=250246&isxn=9781799806547","source":{"id":"https://openalex.org/S176018216","display_name":"International Journal of Operations Research and Information Systems","issn_l":"1947-9328","issn":["1947-9328","1947-9336"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Operations Research and Information Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.igi-global.com/ViewTitle.aspx?TitleId=250246&isxn=9781799806547","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5113798071","display_name":"Xin Wang","orcid":"https://orcid.org/0000-0002-8814-2227"},"institutions":[{"id":"https://openalex.org/I201646274","display_name":"Saint Peter's University","ror":"https://ror.org/00cv1e222","country_code":"US","type":"education","lineage":["https://openalex.org/I201646274"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Xin Wang","raw_affiliation_strings":["Saint Peter's University, USA"],"affiliations":[{"raw_affiliation_string":"Saint Peter's University, USA","institution_ids":["https://openalex.org/I201646274"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5076428337","display_name":"Xi Chen","orcid":"https://orcid.org/0000-0001-6149-2270"},"institutions":[{"id":"https://openalex.org/I62853816","display_name":"Beijing University of Civil Engineering and Architecture","ror":"https://ror.org/02yj0p855","country_code":"CN","type":"education","lineage":["https://openalex.org/I62853816"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xi Chen","raw_affiliation_strings":["Beijing University of Civil Engineering and Architecture, China"],"affiliations":[{"raw_affiliation_string":"Beijing University of Civil Engineering and Architecture, China","institution_ids":["https://openalex.org/I62853816"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5113491341","display_name":"Peng Zhao","orcid":null},"institutions":[{"id":"https://openalex.org/I4210099974","display_name":"Intelligent Light (United States)","ror":"https://ror.org/00wqezk94","country_code":"US","type":"company","lineage":["https://openalex.org/I4210099974"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Peng Zhao","raw_affiliation_strings":["Intelligentrabbit, LLC, USA"],"affiliations":[{"raw_affiliation_string":"Intelligentrabbit, LLC, USA","institution_ids":["https://openalex.org/I4210099974"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5113798071"],"corresponding_institution_ids":["https://openalex.org/I201646274"],"apc_list":null,"apc_paid":null,"fwci":4.7646,"has_fulltext":true,"cited_by_count":35,"citation_normalized_percentile":{"value":0.95741773,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"11","issue":"2","first_page":"22","last_page":"35"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9987000226974487,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9918000102043152,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/standard-deviation","display_name":"Standard deviation","score":0.7745765447616577},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.6256824731826782},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.622437596321106},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.5352941155433655},{"id":"https://openalex.org/keywords/autoregressive-model","display_name":"Autoregressive model","score":0.5152154564857483},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.5025017261505127},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.46098288893699646},{"id":"https://openalex.org/keywords/relative-standard-deviation","display_name":"Relative standard deviation","score":0.45697885751724243},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.3522070050239563},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.2278531789779663},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.19637972116470337},{"id":"https://openalex.org/keywords/materials-science","display_name":"Materials science","score":0.10220548510551453},{"id":"https://openalex.org/keywords/biology","display_name":"Biology","score":0.06271466612815857}],"concepts":[{"id":"https://openalex.org/C22679943","wikidata":"https://www.wikidata.org/wiki/Q159375","display_name":"Standard deviation","level":2,"score":0.7745765447616577},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6256824731826782},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.622437596321106},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5352941155433655},{"id":"https://openalex.org/C159877910","wikidata":"https://www.wikidata.org/wiki/Q2202883","display_name":"Autoregressive model","level":2,"score":0.5152154564857483},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5025017261505127},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.46098288893699646},{"id":"https://openalex.org/C51989270","wikidata":"https://www.wikidata.org/wiki/Q623738","display_name":"Relative standard deviation","level":3,"score":0.45697885751724243},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3522070050239563},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2278531789779663},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.19637972116470337},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.10220548510551453},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.06271466612815857},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C119128265","wikidata":"https://www.wikidata.org/wiki/Q900165","display_name":"Detection limit","level":2,"score":0.0},{"id":"https://openalex.org/C191897082","wikidata":"https://www.wikidata.org/wiki/Q11467","display_name":"Metallurgy","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.4018/ijoris.2020040102","is_oa":true,"landing_page_url":"https://doi.org/10.4018/ijoris.2020040102","pdf_url":"https://www.igi-global.com/ViewTitle.aspx?TitleId=250246&isxn=9781799806547","source":{"id":"https://openalex.org/S176018216","display_name":"International Journal of Operations Research and Information Systems","issn_l":"1947-9328","issn":["1947-9328","1947-9336"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Operations Research and Information Systems","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:igg:joris0:v:11:y:2020:i:2:p:22-35","is_oa":false,"landing_page_url":"https://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJORIS.2020040102","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.4018/ijoris.2020040102","is_oa":true,"landing_page_url":"https://doi.org/10.4018/ijoris.2020040102","pdf_url":"https://www.igi-global.com/ViewTitle.aspx?TitleId=250246&isxn=9781799806547","source":{"id":"https://openalex.org/S176018216","display_name":"International Journal of Operations Research and Information Systems","issn_l":"1947-9328","issn":["1947-9328","1947-9336"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Operations Research and Information Systems","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","score":0.5,"display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3008936398.pdf","grobid_xml":"https://content.openalex.org/works/W3008936398.grobid-xml"},"referenced_works_count":23,"referenced_works":["https://openalex.org/W2005424446","https://openalex.org/W2007358469","https://openalex.org/W2090637028","https://openalex.org/W2093530499","https://openalex.org/W2103863878","https://openalex.org/W2131773668","https://openalex.org/W2138293190","https://openalex.org/W2166303561","https://openalex.org/W2236744271","https://openalex.org/W2571945220","https://openalex.org/W2595429352","https://openalex.org/W2617428178","https://openalex.org/W2774513877","https://openalex.org/W2791350099","https://openalex.org/W2796929742","https://openalex.org/W2833425706","https://openalex.org/W2887532129","https://openalex.org/W2917966187","https://openalex.org/W2939518482","https://openalex.org/W2964262836","https://openalex.org/W3122205006","https://openalex.org/W4211068006","https://openalex.org/W6685807058"],"related_works":["https://openalex.org/W2150410159","https://openalex.org/W1972271943","https://openalex.org/W3150905897","https://openalex.org/W2352262603","https://openalex.org/W2383303872","https://openalex.org/W2014290788","https://openalex.org/W3126373749","https://openalex.org/W790224052","https://openalex.org/W204310466","https://openalex.org/W2370669686"],"abstract_inverted_index":{"This":[0],"article":[1],"analyzes":[2],"the":[3,8,19,23,32,37,41,52,56,65,69,73,77,81,84,91,96,100,109,117,121],"relationship":[4,33],"between":[5,34],"Bitcoin":[6,35,94,113],"and":[7,36,80,95,120,140],"stock":[9,38],"market":[10],"by":[11,55,72],"using":[12],"a":[13,45,104],"vector":[14],"autoregressive":[15],"model.":[16],"To":[17],"enhance":[18],"impulse":[20],"response":[21],"signal,":[22],"Sliding":[24,66],"Window":[25,67],"technique":[26],"is":[27,59],"applied.":[28],"Study":[29],"results":[30],"show":[31],"market.":[39],"First,":[40],"S&P":[42,57,78,101,118],"500":[43,58,79,102,119],"has":[44,103],"relatively":[46],"significant":[47,106],"effect":[48,107,128],"on":[49,90,108,129,137],"Bitcoin,":[50],"while":[51],"influence":[53],"caused":[54,71],"weak.":[60],"In":[61],"addition,":[62],"after":[63],"involving":[64],"technique,":[68],"effects":[70],"standard":[74,97,110],"deviation":[75,98,111],"of":[76,83,93,99,112],"mean":[82,92],"Dow":[85,122],"Jones":[86,123],"are":[87],"remarkably":[88],"strong":[89],"comparatively":[105],"as":[114],"well.":[115],"Generally,":[116],"indexes":[124],"have":[125],"an":[126],"advantageous":[127],"Bitcoin.":[130],"Financial":[131],"investment":[132],"can":[133],"be":[134],"made":[135],"based":[136],"this":[138],"model":[139],"conclusion.":[141]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":10},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}