arbiter
JournalsAccount

Sports tokens and sports equities: A downside tail risk analysis with portfolio implications

Aviral Tiwari et al.

Financial Innovation2026https://doi.org/10.1186/s40854-025-00885-7article
AJG 2ABDC B
Weight
0.37

Abstract

In this study, we examine risk spillover across sports tokens, sports equities and other traditional assets via the quantile-VAR model. Our static analysis results show that token BAR causes significant shocks to this system. In contrast, from the lower quantile, the USD is not only the highest contributor in the network but also the highest receiver. Notably, OG is the dominant contributor to the system. The portfolio analysis using the minimum connectedness portfolio shows possible portfolio benefits from using sports tokens. Our results provide valuable information for market participants to curb their asset management risk.

1 citation

Open via your library →

Cite this paper

https://doi.org/https://doi.org/10.1186/s40854-025-00885-7

Or copy a formatted citation

@article{aviral2026,
  title        = {{Sports tokens and sports equities: A downside tail risk analysis with portfolio implications}},
  author       = {Aviral Tiwari et al.},
  journal      = {Financial Innovation},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1186/s40854-025-00885-7},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Sports tokens and sports equities: A downside tail risk analysis with portfolio implications

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.