| Issue |
E3S Web Conf.
Volume 198, 2020
2020 10th Chinese Geosynthetics Conference & International Symposium on Civil Engineering and Geosynthetics (ISCEG 2020)
|
|
|---|---|---|
| Article Number | 04029 | |
| Number of page(s) | 5 | |
| Section | Urban Planning Engineering and Design Application | |
| DOI | https://doi.org/10.1051/e3sconf/202019804029 | |
| Published online | 26 October 2020 | |
The Index and Stock Price Synchronicity: Evidence from Taiwan
1 Accounting School, Nanfang College of Sun Yat-sen University, Guangzhou, Guangdong, 510970, China
2 Graduate Institute of Finance, National Taiwan University of Science and Technology, Taipei, 10607, Taiwan
* Corresponding author’s e-mail: peter5612@gmail.com
Research on stock synchronization has always been a topic of concern to scholars and investors. In the past, the focus was mainly on equity concentration, foreign shareholding, audit quality, and other issues, not including indexes. This article uses the monthly data of the Taiwan Stock Exchange Capital Weighted Stock Index (TAIEX) to solve the problem of the index and stock synchronization. And use the technical theory of the gray system to solve the small sample and uncertain problem. The discovery of the synchronization between these indexes and stock prices may provide investors with sufficient reference to make investment decisions.
© The Authors, published by EDP Sciences 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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