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Fractality of Borsa Istanbul during the COVID-19 Pandemic

Author

Listed:
  • Mehmet Ali Balcı

    (Department of Mathematics, Muğla Sıtkı Koçman University, Muğla 48000, Turkey)

  • Larissa M. Batrancea

    (Department of Business, Babeş-Bolyai University, 7 Horea Street, 400174 Cluj-Napoca, Romania)

  • Ömer Akgüller

    (Department of Mathematics, Muğla Sıtkı Koçman University, Muğla 48000, Turkey)

  • Lucian Gaban

    (Faculty of Economics, “1 Decembrie 1918” University of Alba Iulia, 15–17 Unirii Street, 510009 Alba Iulia, Romania)

  • Mircea-Iosif Rus

    (National Institute for Research and Development in Constructions, Urbanism and Sustainable Spatial Development “URBAN INCERC”, 117 Calea Floresti, 400524 Cluj-Napoca, Romania)

  • Horia Tulai

    (Department of Economics and Business Administration, Babeş-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

Abstract

Forecasting price changes is very important for the process of estimating and managing market risk in financial markets. Price changes in financial markets may also depend on non-market factors. Considering this situation, the study investigates the effect of the COVID-19 pandemic on Borsa Istanbul. It tackles changes in the fractal dimensions of the time series obtained with the daily closing prices of stocks traded on Borsa Istanbul (BIST). According to the results of the sector-based analysis, we found that fractal dimension changes were quite effective in price estimation.

Suggested Citation

  • Mehmet Ali Balcı & Larissa M. Batrancea & Ömer Akgüller & Lucian Gaban & Mircea-Iosif Rus & Horia Tulai, 2022. "Fractality of Borsa Istanbul during the COVID-19 Pandemic," Mathematics, MDPI, vol. 10(14), pages 1-33, July.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:14:p:2503-:d:865579
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