Preliminary Research on Correlation of Gold, Crude Oil and the Dow Jones Industrial Average
Journal Title: Scholars Journal of Economics, Business and Management - Year 2016, Vol 3, Issue 4
Abstract
The recent instability in the world's financial markets, especially for such a "The first energy of the world" prices for crude oil change amplitude is too large. In this paper, a preliminary discussion of gold, crude oil and the Dow Jones industrial average correlation, using a vector autoregression method to establish the VAR model, and carry on the empirical analysis. Selects the Grander causality test methods for preliminary data processing and analysis, and through the established VAR model analysis results for gold, crude oil, and carries on the preliminary discussion, the correlation of the Dow Jones industrial average fuzzy estimate their relevance. Through the correlation between long-term and short-term prediction, can find the relationship between the three products, is only the DJIA to NLSCO short-term one-way leading relationship. DJIA can lead NLSCO price, and CG price can guide the DJIA. Keywords: VAR, Cointegration, Grander causality test, contagion effect.
Authors and Affiliations
Shuli Qiu, Yuxue Wang
Keywords
Related Articles
- EP ID EP384429
- DOI -
- Views 96
- Downloads 0
Investigate the relationship between Intellectual Capital and Return on Assets and Return on Equity of the companies accepted in the Tabriz stock exchange
Abstract: The lack of reflection of the value of intellectual financial reports is one of the most traditional accounting systems failling. In today’s knowledge based industry while the role of intellectual capital in cr...
Efficiency Analysis of Universities in China Using DEA
The government spending in higher education in China has annually been increased and the scientific research level of university determines its ability of receiving resources/budgets. This paper applies Data Envelopment...
Growth and Fluctuation of Productivity of Total Food grain in West Bengal as Compared to all India during 1980-81 to 2009-10
The present paper is an attempt to analyse the pattern of growth, and the nature and extent of fluctuation of productivity of total foodgrain in the state of West Bengal as compared to all-India. The entire research work...
Municipal Solid Waste Management - A case study of Srinagar city
Municipal solid waste management (MSWM) is one of the major environmental problems of Indian cities. Improper management of municipal solid waste (MSW) causes hazards to inhabitants. Solid wastes constitute a growing pro...
Management Challenges in Today's Complex Organizations
Today is passing through industrial society and entry into the information society. Today's human begins the third millennium as He is surrounded by extraordinary scientific and technical advances. Information technology...