The term volatility is simply synonymous with risk: in their view high volatility is to be deplored, because it means that security values are not dependable and the capital markets are not functioning as well as they should [22]. It measures how for the current price of an asset deviates from its average past values. The coefficients also suggest spillovers from the returns to the sentiments across markets. The coefficients indicate that high absolute sentiment scores in the stock market are expected to have an increasing influence on the commodity returns and a decreasing influence on the stock returns of the following day.