Hollywood Boulevard to Wall Street: Futurism in Movies and Tech-Stock Prices
This study investigates the relationship between the box office sales of futurism-themed movies and the performance of the tech stock index.
This study investigates the relationship between the box office sales of futurism-themed movies and the performance of the tech stock index. Utilizing regression analysis across three models, the research reveals significant insights:
Tech Movies and Tech Stock Index: A strong positive correlation was found between the box office sales of tech movies and the tech stock index, with an Adjusted R-squared value of 0.8263, indicating a substantial predictive power of tech movie sales on tech stock prices.
Top 10 Box Office and Tech Stock Index: A broader analysis including the top 10 box office sales showed a positive but less pronounced impact on the tech stock index, suggesting that the influence of tech movies is more specific and potent.
Tech Movies and General Market Index: Tech movie sales also positively correlate with the general market index, though the relationship is weaker compared to the tech-specific index.
In essence, the findings suggest that futurism movies, particularly those in the tech genre, have a noticeable impact on tech stock prices, offering valuable insights into the interplay between behavioral bias, entertainment and financial markets