Stock Market Co-Movements between CPEC Economies: A Wavelet based Approach

This research investigates the co-movement of Stock Market Returns between China and Pakistan in prospective Economic Corridor. In this study, individual power spectrum, cross wavelet coherence are used for analyzing stock returns Shanghai at aggregate level. Wavelet methodology enables simultaneous examination behavior a time-series both frequency time spaces. The daily data study is retrieved from stream that ranges January 1, 2007 until May 30, 2022. technique reveals there strong positive level different times, which good sign investors policy makers to diversify their investment getting maximum benefits. results have an important implication fund managers, makers, encourages portfolio diversification.