Futures Trading Impact on Stock Market Volatility and Hedging Efficiency PDF Download
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Author: Chandra Bhola
Publisher: Ary Publisher
ISBN: 9788798623045
Category :
Languages : en
Pages : 0
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Book Description
This study investigates the impact of futures trading on stock market volatility and hedging efficiency, focusing on the S&P CNX Nifty index and select stocks in India. By conducting a comprehensive analysis, this research aims to examine the relationship between futures trading activity and its influence on market volatility and the effectiveness of hedging strategies. The study utilizes empirical methods to evaluate the effects of futures trading on stock market volatility. It analyzes the S&P CNX Nifty index, which represents the broader market, and specific individual stocks to understand how futures trading impacts price fluctuations and overall market stability. Furthermore, the research assesses the hedging efficiency of futures contracts as risk management tools. It examines whether investors can effectively hedge their positions and reduce portfolio risk through futures trading. By evaluating the effectiveness of hedging strategies in the context of the Indian stock market, this study provides valuable insights for market participants. Overall, this study delves into the impact of futures trading on stock market volatility and hedging efficiency in India. By examining the S&P CNX Nifty index and select stocks, it aims to shed light on the relationship between futures trading and market dynamics. The findings contribute to the understanding of risk management practices and assist investors in making informed decisions related to hedging strategies in the Indian stock market.
Author: Chandra Bhola
Publisher: Ary Publisher
ISBN: 9788798623045
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
This study investigates the impact of futures trading on stock market volatility and hedging efficiency, focusing on the S&P CNX Nifty index and select stocks in India. By conducting a comprehensive analysis, this research aims to examine the relationship between futures trading activity and its influence on market volatility and the effectiveness of hedging strategies. The study utilizes empirical methods to evaluate the effects of futures trading on stock market volatility. It analyzes the S&P CNX Nifty index, which represents the broader market, and specific individual stocks to understand how futures trading impacts price fluctuations and overall market stability. Furthermore, the research assesses the hedging efficiency of futures contracts as risk management tools. It examines whether investors can effectively hedge their positions and reduce portfolio risk through futures trading. By evaluating the effectiveness of hedging strategies in the context of the Indian stock market, this study provides valuable insights for market participants. Overall, this study delves into the impact of futures trading on stock market volatility and hedging efficiency in India. By examining the S&P CNX Nifty index and select stocks, it aims to shed light on the relationship between futures trading and market dynamics. The findings contribute to the understanding of risk management practices and assist investors in making informed decisions related to hedging strategies in the Indian stock market.
Author: Chyi Lin Lee
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
In 2007 futures contracts were introduced based upon the listed real estate market in Europe. Following their launch they have received increasing attention from property investors, however, few studies have considered the impact their introduction has had. This study considers two key elements. Firstly, a traditional Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model, the approach of Bessembinder & Sequin (1992) and the Gray's (1996) Markov-switching-GARCH model are used to examine the impact of futures trading on the European real estate securities market. The results show that futures trading did not destabilize the underlying listed market. Importantly, the results also reveal that the introduction of a futures market has improved the speed and qualify of information flowing to the spot market. Secondly, we assess the hedging effectiveness of the contracts using two alternative strategies (naive and Ordinary Least Squares models). The empirical results also show that contracts are effective hedging instruments, leading to a reduction in risk of 64%.
Author: Gary Robinson
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 48
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Book Description
Author:
Publisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 738
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Book Description
Author:
Publisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 744
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Book Description
Consists of the proceedings of seminars on futures markets held by the Chicago Board of Trade.
Author: Allan Hodgson
Publisher:
ISBN: 9780858348332
Category : Futures
Languages : en
Pages : 21
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Book Description
Author: Gerard Gennotte
Publisher:
ISBN:
Category : Margins (Futures trading)
Languages : en
Pages : 46
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Book Description
Author: Sanford J. Grossman
Publisher:
ISBN:
Category : Financial futures
Languages : en
Pages : 36
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Book Description
Author: Patrick Cusatis
Publisher: McGraw Hill Professional
ISBN: 9780071454537
Category : Business & Economics
Languages : en
Pages : 396
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Book Description
Books on complex hedging instruments are often more confusing than the instruments themselves. Hedging Instruments & Risk Management brings clarity to the topic, giving money managers the straightforward knowledge they need to employ hedging tools and techniques in four key markets—equity, currency, fixed income, and mortgage. Using real-world data and examples, this high-level book shows practitioners how to develop a common set of mathematical and statistical tools for hedging in various markets and then outlines several hedging strategies with the historical performance of each.
Author: Pierluigi Bologna
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The impact of futures trading on the underlying asset volatility, and its characteristics, is still debated both in the economic literature and among practitioners. The aim of this study is to analyse the effect of the introduction of stock index futures on the volatility of the Italian Stock Exchange. This study mainly addresses two issues: first, the study analyses whether the reduction of stock market volatility showed in the post-futures period, already pointed out in previous research, is effectively due to the introduction of futures contract. Second, whether the 'futures effect', if confirmed, is immediate or delayed with respect to the moment of the futures trading onset is tested. The results show that the introduction of stock index futures per se has led to diminished stock market volatility and no other contingent cause seems to have systematically reduced it. Further, they also suggest that the impact of futures onset on the underlying market volatility is likely to be immediate. These findings are consistent with those theories stating that active and developed futures markets enhance the efficiency of the corresponding spot markets.
