Discover a world full of books!
Add this book to bookshelf
Grey
Write a new comment Default profile 50px
Grey
Read online the first chapters of this book!
All characters reduced
An empirical study of price-volume relation: contemporaneous correlation and dynamics between price volatility and trading volume in the Hong Kong stock market - cover

An empirical study of price-volume relation: contemporaneous correlation and dynamics between price volatility and trading volume in the Hong Kong stock market

Wing Ho NG, Kam Hung LEUNG

Publisher: ABoy'sConundrum

  • 0
  • 0
  • 0

Summary

Abstract 
This paper investigates the contemporaneous correlation and dynamic relation between absolute price change (|ΔP|) and trading volume (V) in the Hong Kong stock market. With daily data of thirty-eight blue-chips from 2011 to 2015, evidence of positive correlation is found. Besides, the statistical results from Granger-causality tests indicate that the existence of the dynamic relation is very probable. The existence of different directions of causality may also be very probable, which depends on the use of different number of lagged values. Regarding the effect of earnings announcements, it may suggest that we can be more confident to use the stochastic time series model based on G-causality to predict |ΔP| or V when there is less information flowing into the market. 

Other books that might interest you

  • Live Better Longer - The Science Behind the Amazing Health Benefits of OPC - cover

    Live Better Longer - The Science...

    Richard A. Passwater

    • 0
    • 2
    • 0
    Your body is constantly being attacked by very harmful substances known as free radicals. You cannot see them, smell them, or touch them, but they are always there, trying to destroy body proteins and cell membranes. OPC's (oligomeric proanthocyanidins) are among today's most poten and promising free-radical fighters. Found in grape seeds, red wine, and the bark of French maritime pine tress, more powerful than vitamins C and E, the gold-standard among antioxidants. This book explains the benefits of OPCs in combating modern-day killer diseases and in protecting the body's billions of cells.
    Show book
  • The Alchemist - cover

    The Alchemist

    Paulo Coelho

    • 35
    • 1.12K
    • 1
    A special 25th anniversary edition of the extraordinary international bestseller, including a new Foreword by Paulo Coelho. 
    Combining magic, mysticism, wisdom and wonder into an inspiring tale of self-discovery, The Alchemist has become a modern classic, selling millions of copies around the world and transforming the lives of countless readers across generations. 
    Paulo Coelho's masterpiece tells the mystical story of Santiago, an Andalusian shepherd boy who yearns to travel in search of a worldly treasure. His quest will lead him to riches far different—and far more satisfying—than he ever imagined. Santiago's journey teaches us about the essential wisdom of listening to our hearts, of recognizing opportunity and learning to read the omens strewn along life's path, and, most importantly, to follow our dreams.
    Show book
  • He Said Don't Tell - cover

    He Said Don't Tell

    Andrea Jones

    • 0
    • 1
    • 0
    This has to be a work of fiction for the truth to be told. Aj grew up in a typical middle-class household. She was a cop’s daughter who was sexually stalked and assaulted in her own father’s house, right under his nose, and was too scared to tell for years. Her favorite uncle slowly became her worse nightmare as his affections for her changed in the worse way possible.
    Show book
  • Weight Release A Liberating Journey - The Powerful New Way to Release Weight Forever - cover

    Weight Release A Liberating...

    Freeman Michaels

    • 0
    • 1
    • 0
    Most weight "loss" programs focus on overeating and lack of exercise; very few of them address the underlying reason for weight issues. Weight issues are a result of unhealthy patterns of behavior and a negative self image. The Service to Self process, taught in this book, focuses on reprogramming and healing old patterns of behavior to create a positive, lasting change, in self image - weight “release” is a natural byproduct of this process.
    Show book
  • Manifest $10000 - Learn How to Manifest 10000 by Using the Law of Attraction and Improving Your Money Mindset - cover

    Manifest $10000 - Learn How to...

    Cassie Parks

    • 0
    • 3
    • 0
    To someone on the outside it seems like some people just naturally win the lottery – by a stroke of circumstance, they are a money magnet.  
     In reality, even if money was handed to someone on a silver platter, they have to manage to keep it and allow more in. That has more to do with a strong money mindset than with being lucky.  
     After Cassie Parks realized she could change her money beliefs to become one of “those” people who easily make and keep money, she spent years figuring out exactly how to change her money mindset. Now that she has, her money mindset supports money coming into her life easily and sticking around for the party. Parks has spent the last two years teaching other people how to manifest more money into their lives –whether they were entrepreneurs, employees or unemployed. The step-by-step process Parks teaches is the basis of Manifest $10,000.  
     Directions to the intersection of abundance, mindset, ease, and grace is what you will find in Manifest $10,000. Using inspiring stories about people who have manifested more money into their lives, and providing instructions and analysis about why others haven’t been successful in the past, Parks will guide you through the process of learning to manifest $10,000 into your life in the next 90 days – in a way that feels simple and fun.
    Show book
  • Bone Broth - Lose Up to 18 Pounds Improve Your Health - and Your Wrinkles! - in Just 21 Days - cover

    Bone Broth - Lose Up to 18...

    Simon Hamilton

    • 0
    • 1
    • 0
    Bone Broth is packed with many nutrients and long-term benefits for your well being.  After being on the diet for only 3 weeks you will:
     
    Start losing weight and boost energy
     
    Get rid of sugar or junk food cravings
     
    Lower your blood sugar and stabilize your insulin level
     
    Detox your body from years of eating processed foods
     
    Lower your blood pressure and your cholesterol
     
    Increase your stamina and libido
    Show book