IDEAS home Printed from https://ideas.repec.org/a/ids/ijesbu/v39y2020i1-2p64-70.html
   My bibliography  Save this article

What Ward's clustering method tells about the four largest emerging equity markets?

Author

Listed:
  • Bora Aktan
  • Sinem Peker
  • Makram Bellalah

Abstract

Investing in stock market indices or ETFs could be more reasonable (and secure) for relatively new and incognisant investors who are personally unable to value of each stock–firm in a way. This paper attempts to group the well-known four largest emerging stock markets so-called BRIC or big-four economies namely Brazil, Russia, India and China based on return characteristics through Ward's hierarchical clustering method over the period of 2005 and 2015. Additionally, the first principle component (PCA) of the related indices is calculated and the abnormal variability is observed through control chart over time. Results indicate that Brazilian and Indian markets show more similarity over the studied period.

Suggested Citation

  • Bora Aktan & Sinem Peker & Makram Bellalah, 2020. "What Ward's clustering method tells about the four largest emerging equity markets?," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 39(1/2), pages 64-70.
    • Handle: RePEc:ids:ijesbu:v:39:y:2020:i:1/2:p:64-70
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=104232
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijesbu:v:39:y:2020:i:1/2:p:64-70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=74 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.