Predictability of TEPIX Changes Based on the Foreign Stock Markets Behaviour
Quarterly Journal of Securities Exchange

Quarterly Journal of Securities Exchange

Predictability of TEPIX Changes Based on the Foreign Stock Markets Behaviour

Document Type : Original Article

Authors
Davood Jafari Seresht
Atiyeh Bahiraie
10.22034/jse.2019.11150
Abstract
In recent years, the attention of researchers has focused on the issue of international communications between economics and financial markets in different countries, and the impact of changes in the global financial markets on the domestic capital markets volatility in each country. The study of the effect of Malaysia and Turkey Stock Exchanges volatilities on Tehran Stock Exchange were examined in this paper. The annual data for doing this study were collected from internal and external data bases and tested using the Eviews and Microfit soft wares in the period from 1376-1395. The experimental results of this study show that the effect of Malaysia stock exchanges and Turkey stock exchanges volatilities on the Tehran Stock Exchange in the short term and long term was approved. In this study, as well as to the hypothesis that the effect of exchange rate and inflation on Tehran Stock Exchange the results of the study, confirmed the relationship.
Keywords
Index Predictability
Tehran Stock Exchange
Stock Market Behaviour
Foreign Capital Market
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Quarterly Journal of Securities Exchange
Volume 12, Issue 45
Summer 2019
Pages 95-117