Characteristics of Japan’s Commodities Index and its Correlation with Stock Index
AbstractThe commodity indexes associated with Japan’s commodity-futures markets were formed in 2008 and publicized by the Tokyo Commodity Exchange and the Tokyo Grain Exchange. In this paper, I used these indexes to analyze the properties of Japan’s commodity futures as portfolio investments, and could confirm that they possess investment characteristics that differ from stocks, and that commodity investors can enjoy favorable “diversified investment” effects if leveraged skillfully.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17160.
Date of creation: 07 Sep 2009
Date of revision:
commodity future; commodity index; Japan;
Other versions of this item:
- Yamori NOBUYOSHI, 2009. "Characteristics Of Japan'S Commodities Index And Its Correlation With Stock Index," Journal of Applied Research in Finance Bi-Annually, ASERS Publishing, vol. 0(2), pages 187-192, December.
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G19 - Financial Economics - - General Financial Markets - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-19 (All new papers)
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- Yamori, Nobuyoshi, 2010. "Co-movement between Commodity Market and Equity Market: Does Commodity Market Change?," MPRA Paper 23096, University Library of Munich, Germany.
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