Which market integration measure?

The Stock Market : Which Measure Is Best ?

In recent years, there has been a lot of interest in the database community in mining time series data. Surprisingly, little work has been done on verifying which measures are most suitable for mining of a given class of data sets. Such work is of crucial importance, since it enables us to identify similarity measures which are useful in a given context and therefore for which efficient algorit...

Mining The Stock Market : Which Measure Is Best ?

In recent years, there has been a lot of interest in the database community in mining time series data. Surprisingly, little work has been done on verifying which measures are most suitable for mining of a given class of data sets. Such work is of crucial importance, since it enables us to identify similarity measures which are useful in a given context and therefore for which efficient algorit...

Market value added and traditional accounting criteria: Which measure is a best predictor of stock return in Malaysian companies

This study tests the hypothesis that market value added (MVA) is more highly associated with stock return (SR) than traditional performance measures. The purpose of this study is to provide empirical evidence on the relative and incremental information content of MVA and traditional performance measures, namely, net income (NI), net operational profit after tax (NOPAT), and earning per shares (...

Global Market Integration: An Alternative Measure and Its Application

Many previous studies of international markets have attempted to measure integration by correlations among broad stock market indexes. Yet such correlations have been found to poorly mimic other measures of integration. We show that a simple correlation between two stock markets is likely to be a poor indicator of integration for a very simple reason: when there are multiple factors driving ret...

Measure and Integration