Since 2014
NEW EVIDENCE ON SHARE PRICES AND THE STOCK MARKET TRENDS: A CASE OF SELECTED US FIRMS, THE S&P 500 AND THE DOW JONES
European Journal of Economic and Financial Research
View Archive Info| Field | Value | |
| Title |
NEW EVIDENCE ON SHARE PRICES AND THE STOCK MARKET TRENDS: A CASE OF SELECTED US FIRMS, THE S&P 500 AND THE DOW JONES
|
|
| Creator |
Ezeaku, Hillary Chijindu
Anisiuba, C. A. |
|
| Subject |
share price, S&P 500, Dow Jones, principal component analysis
|
|
| Description |
Analysis of share prices and stock market indexes has actually attracted the attention of financial analysts, capital market participants and researchers alike. This study is based on share price data on selected companies listed on the New York Stock Exchange as well the market activities of major stock market indexes in the US. The data collated were on monthly basis from January 2000 to February 2017. Trends of these series were plotted and further emphasis highlighted with a descriptive statistics. Share prices and stock market performance trends over the period appear similar. There were perceived signs of stability between January 2000 and 2008:Q2. However, the adverse effects of the 2008 global financial crisis were visible and significant as all the series nosedived, notably between 2008:Q3 and 2009:Q2. From our evidence, relative recovery from the crisis began to be felt from July 2009. Thereafter, the pace of growth in performances across the series has been quite impressive. Both the covariance and principal components analysis results indicate that stock market performance and share prices have direct relationship. The covariance results further showed that the relations so revealed are positive and significant. JEL: C32, F36, G15, E60 Article visualizations:
|
|
| Publisher |
European Journal of Economic and Financial Research
|
|
| Contributor |
—
|
|
| Date |
2017-06-22
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
|
| Format |
application/pdf
|
|
| Identifier |
https://oapub.org/soc/index.php/EJEFR/article/view/125
|
|
| Source |
European Journal of Economic and Financial Research; Volume 2, Issue 3, 2017
2501 - 3430 2501 - 9430 |
|
| Language |
eng
|
|
| Relation |
https://oapub.org/soc/index.php/EJEFR/article/view/125/366
https://oapub.org/soc/index.php/EJEFR/article/view/125/367 https://oapub.org/soc/index.php/EJEFR/article/view/125/368 |
|
| Rights |
Copyright (c) 2018 Hillary Chijindu Ezeaku, C. A. Anisiuba
http://creativecommons.org/licenses/by/4.0 |
|