Statistical Methods in Finance 2023

December 19 to 23, 2023



Quantile Regression to Understand Interrelationship amongst Stock Exchanges Globally

By Shraddha Kodavade
NMIMS, India

Investments and Stock markets are popular sources of growing money. People have become more conscious and are looking for ways to invest and reduce the risk associated with stocks. Any knowledge on how the stock indices move makes for informed decisions. This paper studies the claim that stock markets worldwide have a mathematical effect on each other and seeks to validate the same through incorporating Quantile Regression. It's scope and use have been discussed and the trends of NSE, when compared to 5 global stock indices, has been explored.