A Study Of Co Movement And Interdependence Of Indian Stock Market With Selected Stock Markets PDF Download
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| Author | : Mitesh Patel |
| Publisher | : |
| Total Pages | : 8 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download A Study of Co Movement and Interdependence of Indian Stock Market with Selected Stock Markets Book in PDF, ePub and Kindle
The Bombay stock exchange, Hong Kong Stock Exchange, Tokyo Stock Exchange & Shanghai Stock Exchange are among the oldest exchanges in Asia. The Study was carried out with objective to examine the causal linkages among equity markets to better understand how shocks in one market are transmitted to other markets. The study was done by taking data from 1/3/2000 to till 4/6/2011. The study was done by taking stock price data of BSE, HANGSENG, TSE & SSE. Various analytical tools such as correlation, unit root test (ADF test) and granger causality test were applied in study to find co movement & dependency of Indian market over selected markets. The correlation of daily prices gives an outcome that BSE is highly correlated with Hangseng & SSE. The granger causality test reveals an outcome that BSE is not granger cause by any of the selected market. Over all it can conclude that the selected markets are not much depending on each other.
| Author | : Abhishek Tripathi |
| Publisher | : |
| Total Pages | : 9 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download A Study of Correlation Between Selected Asian, European and American Stock Exchange Market Book in PDF, ePub and Kindle
Due to Liberalization there will be emergence in stock markets. It has been observed that there has been increasing interdependence between most of the developed and emerging stock markets since the 1987 Stock Market Crash. This interdependence intensified after the 1997 Asian Financial Crisis. Objective of this paper is to examine the co-movement between selected stock market of different economies such as Asian, European and USA stock markets by using correlation technique. With the help of this technique we are able to identify the correlation between USA & European market, Asian & European market and Asian and USA markets. To examine the relationship among selected Asian countries, European and United States of America we are able to identify the correlation between return index of selected stock exchange.
| Author | : Dr. Ashwin G. Modi |
| Publisher | : |
| Total Pages | : 16 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download The Study on Co-Movement of Selected Stock Markets Book in PDF, ePub and Kindle
The twenty-first century may well be the time when the balance of power shifts to Brazil, Russia, India and China, nations collectively referred to as BRICs economies. These nations constitute the shape of the future, giving rise to a new world economy. Leaders in BRICs are frenetically laying the groundwork for decades of new growth. Foreign Investors are investing considerably in the emerging economies with mainly two objectives; (1) To enhance the portfolio growth and; (2) To reduce portfolio risk through efficient international portfolio diversification. This paper studies various alternative techniques for recognizing co-movement resulting among the selected developed stock markets and the emerging stock markets of the world. The leading indices of the selected stock markets are considered as proxies of the markets. Using the daily Index data from July 1, 1997 to June 30, 2008, authors examine the stock market indices of India (SENSEX), Hong Kong (HANGSENG), Mexico (MXX), Russia (RTS), Brazil (BVSP), UK (FTSE-100) and US (DJIA and NASDAQ). Co-integration technique has been employed to study the short term and long-term relationships between the market pairs. The paper explores the issues like contributions of national market volatilities, external world market volatility, and some other factors influencing the correlation between stock market returns.
| Author | : P. Sireesha |
| Publisher | : |
| Total Pages | : 15 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download Co-Movements of the Indian Stock Market with Select Emerging Markets Book in PDF, ePub and Kindle
The study is carried out to test the co movements of Indian stock market with select major emerging markets over the globe. Various techniques like the Unit Root test, Cointegration test, Causality test, Vector Auto Regression, Impulse Responses. Variance Decomposition and Vector Error Correction are conducted on the sample. India has been influenced by and is influencing most of the countries selected for the study. This proves the impact of cointegration among the global markets.
| Author | : A. Sudhakar |
| Publisher | : |
| Total Pages | : 20 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download Co-Movements of the Indian Stock Market with Select Developed Markets Book in PDF, ePub and Kindle
The study is carried out to test the co movements of Indian stock market with select major developed markets over the globe. Various techniques like the Unit Root test, Cointegration test, Causality test, Vector Auto Regression, Impulse Responses. Variance Decomposition and Vector Error Correction are conducted on the sample. India has been influenced by and is influencing most of the countries selected for the study. This proves the impact of cointegration among the global markets.
| Author | : Pradeep Kumar Panda |
| Publisher | : |
| Total Pages | : 11 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download Stock Market Integration Book in PDF, ePub and Kindle
India has much less exposure in the stock market integration literature until recently. Given India's fast-growing economic influence, research on the Indian stock market still seems to be inadequate and needs further investigation. The present study extends the existing stock market integration literature in the following ways. First, to provide further evidence, we examine the dynamic price linkages and interdependence between the stock market of India and that of the U.S., U.K., Japan, Singapore, Honk Kong, Malaysia, South Korea, Taiwan, and China using daily stock price indices data covering the period January 2, 2001 to November 28, 2008. Second, this research examines examine the long-term and short-term dynamic relationship among the stock prices using Johansen-Juselius cointegration, vector error correction model and Granger causality test. Additionally, the innovation accounting analysis is conducted to further investigate the interactions between the Indian markets and others world markets. And lastly, the results from this research provide implications regarding international diversification and market efficiency that are important for investors and fund managers who are interested in investing in these markets. From the study, we can conclude that, Indian market is having a cointegrating relationship with US financial market. But relationship with other financial markets is not well established.
| Author | : Sarod Khandaker |
| Publisher | : |
| Total Pages | : 19 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download Volatility and Co-Movement Book in PDF, ePub and Kindle
In this paper, we analyse historical stock market volatility and co-movement behaviour of three emerging markets and three developed economies from January 2001 to December 2012. We find evidence that the sample of emerging economies exhibits higher stock market volatility during the study period and these volatilities increases during the global financial crisis (GFC). There is also evidence that our sample of the emerging economies exhibit higher level of stock market co-movement behaviour during the study period, for example Indonesia and Malaysia exhibit higher R-square values during 2007-2012. However, we do not find any evidence of a statistically significant correlation coefficient between the volatility measures and the co-movement measures for our sample developed and emerging countries, except for Indonesia. Therefore, it is concluded that both these market models capture different aspects of stock market behaviour.
| Author | : Dr GangineniDhanaiah |
| Publisher | : Archers & Elevators Publishing House |
| Total Pages | : |
| Release | : |
| Genre | : Antiques & Collectibles |
| ISBN | : 9386501899 |
Download A Study On Volatility And Co-Movement Of Selected Sectoral Indices Of National Stock Exchange Of India Book in PDF, ePub and Kindle
| Author | : Dr G. Kamal |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : |
| ISBN | : |
Download Linkage of Indian Equity Market with Developed Economies Equity Markets Book in PDF, ePub and Kindle
In the present situation the performance of stock markets is taken as a tool to evaluate the economic condition of a country. Indian financial markets are highly volatile in nature, due to highly volume of trade is done by foreign institutional investors and this coupled with dollar - rupee conversation rates. Due to these reasons, the present study is taken up to analyse the interdependency of NIFTY 50 Future (India), NIKKIE 225 (Japan), NASDAQ 100 USA), Dowjones 30 (USA), Shanghai (China) and Bovespa (Brazil). The ten years performance of the specified index is taken for analysis purpose i.e. from 2012-2022. The test of granger causality and correlation is used after the evaluation of non- normality and stationery data. The study reveals that high degree high degree of correlation between the Dowjones 30, NASDAQ and NIKKIE with that of NIFTY 50 and co-movement among the selected indices is observed through granger causality.
| Author | : Suk-Joong Kim |
| Publisher | : Elsevier |
| Total Pages | : 537 |
| Release | : 2007-12-12 |
| Genre | : Business & Economics |
| ISBN | : 0762314710 |
Download Asia-Pacific Financial Markets Book in PDF, ePub and Kindle
This volume of "International Finance Review" focuses on the Asia-Pacific financial markets. A total of 22 original papers, not published elsewhere, have been selected from a competitive field. These papers utilize a variety of methods, including theoretical, empirical and qualitative to highlight a range of issues across the region. Several papers offer combinations of these different categories and among the empirical papers, there are a wide variety of datasets analyzed. While China does play a significant part in the analysis of five of the papers in this volume (this is to be expected given its importance in the region), a host of other countries are also considered. This ensures the volume is truly international in its scope. These papers each serve to contribute to the knowledge on a particular issue related to the financial markets within this region and for this volume, three main issues have been identified: integration, innovation and challenges. Articles are contributed by experts in their fields. It is truly international in scope.
