Modeling and analysis of future prices has been hot topic for economic analysts in recent years. Traditionally, the complex movements in the prices are usually taken as random or stochastic process. However, they may be produced by a deterministic nonlinear process. Accuracy and efficiency of economic models in the short period forecasting is strategic and crucial for business world. Nonlinear ...

T his study examines how oil price shocks interact with the stock market index within a nonlinear autoregressive distributed lag model in Iran. Based on quarterly data for the period from 1991 to 2017, the findings revealed statistically significant evidence of short-run and long-run asymmetric behavior of stock market index in response to the positive a...

State and local officials are often tasked with policy decisions that influenced by projections of future economic conditions. However, properly assessing predicting performance is challenging. Common macroeconomic indicators can be helpful, but additional tools needed. Stock indices have traditionally been used in the investment community to evaluate performance. While a recent surge fundament...

• We examine cross hedging effectiveness between FTSE100 and world stock index futures. Our daily dataset spans from August 2002 through November 2019. apply OLS, VECM Wavelet to calculate OHR & effectiveness. US E-Mini DJIA$5 Australia S&P/ASX 200 are the best pairs. The optimal period for pairs is 256 days or longer. This paper examines UK futures developed emerging markets: US, Australia, Br...

AIMS The volatility of financial markets may cause substantial emotional and physical stress among investors. We hypothesize that this may have adverse effects on cardiovascular health. The Chinese stock markets were extremely volatile between 2006 and 2008. We, therefore, examined the relationship between daily change of the Shanghai Stock Exchange (SSE) Composite Index (referred as the Index)...

The stock market is forward looking; economic indicators and important future events are factored into stock prices. According to the Efficient Market Hypothesis†, markets operate efficiently and stock prices instantly and stock prices instantly reflect all information available. However, inefficiencies in the stock market exist due to the behaviors and expectations of investors. Stock prices m...