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Analysis of investment opportunities in the gaming stock market using social trading

Mahan Tahvildari

Published 2025 in Risk Governance and Control: Financial Markets & Institutions

ABSTRACT

Despite the gaming industry’s growth, until 2016 there was no option to invest in the gaming stock market with a diversified financial product, and even in 2024, investment instruments are scarce. Furthermore, the literature lacks an explanation of the relationship between key game metrics and macroeconomic variables (Palma-Ruiz et al., 2022). This study aims to fill both these gaps. The 50 countries with the highest revenues for various markets and geographic regions are analysed to develop multivariate models that explain gaming revenues and player numbers using macroeconomic variables such as gross domestic product (GDP), private consumption, number of Internet users, and interest in online gaming via Google Trends. The main finding is that the games’ revenues and the number of players can be effectively explained by the macroeconomic variables mentioned above and that the models also serve as a forecasting method with high model quality. In addition, a portfolio of gaming stocks is developed using the social trading platform (STP) wikifolio and compared to alternatives in terms of holding and performance. The findings suggest that STPs can serve as a bridge in markets with limited or non-existent tradable instruments and that social traders have outperformed conventional investment products in gaming.

PUBLICATION RECORD

  • Publication year

    2025

  • Venue

    Risk Governance and Control: Financial Markets & Institutions

  • Publication date

    Unknown publication date

  • Fields of study

    Not labeled

  • Identifiers
    DOI 10.22495/rgcv15i1sip6
  • External record

    Open on Semantic Scholar

  • Source metadata

    Semantic Scholar

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