Selecting the most suitable index for the Istanbul Securities Exchange
Author(s)
Advisor
Aydoğan, KürşatDate
1990Publisher
Bilkent University
Language
English
Type
ThesisItem Usage Stats
146
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69
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Abstract
This study examines the security market indicators in the
foreign stock exchanges and in the Istanbul Securities Exchange (ISE) stock and proposes an index that may be the most suitable one
for the ISE. The observations of the old ISE index and the new ISE index showed that they both have important probieme in reflecting the return of an average investor.
The OLD ISE Index representing the result of a "no skill investment strategy", and the ISe companies. However, in calculating
the return or an average investor correctly, the amount of publicy owned stocks are important.
Keywords
Istanbul Securities ExchangeDow-Jones
Price- weighted
Value - weighted
Cross-correlation coefficient
Closing prices
Weighted-aVerage prices