scholarly journals CORRELATION OF THE PORTUGUESE STOCK MARKET WITH MAJOR GLOBAL CAPITAL MARKETS

Author(s):  
Gualter Couto ◽  
Pedro Pimentel ◽  
Ricardo Faria

In this paper, we will analyse the increase of correlations in the market during periods of crisis, given its importance to the management and optimization of the portfolio, and especially for risk diversification in portfolio management. An evaluation of the level of correlation between the stock markets is important for several reasons. First, it enables to evaluate changes in the patterns of correlation, and thus to make the proper adjustments in portfolios’ investment. Second, policy makers are also interested in these correlations because of its implications for the stability of the financial system. The correlation coefficients are biased measures of dependence when markets become more volatile. This paper explores the correlation of the Portuguese capital markets with the Asian, American, European and Latin American Spanish stock markets. To this end, we used the PSI-20 index, Nikkei 225, NASDAQ, S&P 500, Euronext 100 and Ibex-35. Our analysis results show that the correlation does exist as a phenomenon during financial crises (Bear Market), reducing the benefits of portfolio diversification when most needed. Moreover, we believe that correlations have increased between the markets in recent years.

2017 ◽  
Vol 41 (5) ◽  
pp. 422-428 ◽  
Author(s):  
Alicia Nijdam-Jones ◽  
Diego Rivera ◽  
Barry Rosenfeld ◽  
Juan Carlos Arango-Lasprilla

2020 ◽  
Author(s):  
Clara Vila-Castelar ◽  
Kathryn V. Papp ◽  
Rebecca E. Amariglio ◽  
Valeria L. Torres ◽  
Ana Baena ◽  
...  

2015 ◽  
Vol 38 (2) ◽  
pp. 276-300 ◽  
Author(s):  
Pedro Mogorrón Huerta

Traditionally, research papers on fixed expressions emphasize the fact that those sequences are fixed compared to constructions with free components. After one study which was carried out in 2010 through which we were able to prove that a considerable number of verbal fixed expressions in common Peninsular Spanish allow changes in some of their components without causing a change in the meaning and maintaining their fixed state, in this paper we analyze verbal fixed expressions in the Latin American Spanish variety. This analysis allows us to observe the modes of variation in the Latin American Spanish verbal fixed expressions (paradigm, lexic, morphology, grammar) by following the same patterns and syntactic structures as in common Penninsular Spanish which we find in the case of diatopic expressions formed in the verbal fixed expressions of common Penninsular Spanish as well as in new diatopic verbal fixed expressions. The fact that there are so many verbal fixed expressions in the Latin American Spanish variety and also that this number will only increase in the near future reinforces the idea that we should create very complete data bases.


2014 ◽  
Vol 12 (1) ◽  
pp. 193-222 ◽  
Author(s):  
José Manuel Ureña Gómez-Moreno ◽  
Pamela Faber

This research applied corpus analysis techniques to a corpus of marine biology texts in Peninsular Spanish (PS) and Latin American Spanish (LAS). The results explain why these varieties of Spanish have different designations for the same sea organism. The focus of our research was thus on types of formal onomasiological variation (Geeraerts, Grondelaers, & Bakema, 1994) and its pervasiveness in Spanish scientific discourse. Also addressed was the incidence of metaphor in specialized concept formation and designation. Domain-specific and standard strategies were used for the semi-automatic retrieval of metaphorical terms. The resulting qualitative and quantitative account of terminological diversity reflected the pervasiveness of intralingual denominative variation in scientific language and also identified its causes.


2015 ◽  
Vol 37 (4) ◽  
pp. 663-676 ◽  
Author(s):  
D. Rivera ◽  
P.B. Perrin ◽  
A. Aliaga ◽  
M.T. Garza ◽  
C.P. Saracho ◽  
...  

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