Correlations between Stock Exchanges in Emerging Economies: Evidence from the BRICS

Authors

  • Ume Kalsoom, Dr. Ismat Ullah ,Zohaib Ahmad, Bushra Bibi

Keywords:

BRICS, stock exchanges, China, South Africa

Abstract

This paper investigates the correlations between stock exchanges in emerging economies, specifically the BRICS (Brazil, Russia, India, China and South Africa). Using data from 2000 to 2017, the authors examine the correlation structures between these markets in terms of both their returns and volatility. The results indicate that the five markets are highly correlated in terms of their returns, with China and India displaying the highest levels of correlation. The results also suggest that while the markets are relatively correlated in terms of returns, there is less correlation when it comes to volatility. The authors conclude that investors should consider diversifying their portfolios when investing in BRICS markets as.

Downloads

Published

2022-12-31

How to Cite

Ume Kalsoom, Dr. Ismat Ullah ,Zohaib Ahmad, Bushra Bibi. (2022). Correlations between Stock Exchanges in Emerging Economies: Evidence from the BRICS. Pakistan Journal of Social Science Review, 1(02), 18–22. Retrieved from http://pjssr.com.pk/index.php/Journal/article/view/15