Analysis of the Influence of the Price of Raw Oil and Natural Gas on the Prices of Indices and Shares of the Turkish Stock Exchange

N. Akbulaev, B. Aliyeva, S. Rzayeva
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引用次数: 1

Abstract

This article is a review on the impact of prices and their dependence on the cost of oil and natural gas on the world stock markets. The main studies and results achieved in the field of the impact of prices on both the stock index and industrial stocks and the dependence on the level of oil prices are presented. The paper presents an econometric study on the choice of offers on the securities market that allows us to identify the main specifics of changes in prices for the stock index and industrial shares in the daily period from 13. 05. 2012 to 01. 12. 2019. The article uses methods for estimating the impact of the price of natural gas and WTI crude oil using the Gretl statistical program, taking into account the selection of the main correlation features of the price matrix. Of the 13 proposed research models, only one model showed its statistical insignificance. A paired linear model of the CocaCola share price dependence and its dependence on NGFO prices was presented and analyzed in detail. Based on the results of econometric modeling, linear regression models were constructed for the dependence of stock prices on the NGFO and WTISPOT prices. The Gretl environment allows you to evaluate the situation in the econometric environment and make a forecast based on the obtained models of the dependence of stock prices and make appropriate conclusions.
原油和天然气价格对土耳其证券交易所指数和股票价格的影响分析
这篇文章是对价格的影响及其依赖于石油和天然气的成本对世界股票市场的回顾。介绍了价格对股指和工业股的影响以及对油价水平的依赖等方面的主要研究成果。本文提出了一项关于证券市场报价选择的计量经济学研究,使我们能够确定股票指数和工业股票在13日期间价格变化的主要细节。05. 2012年到2001年。12. 2019. 本文采用Gretl统计程序估计天然气和WTI原油价格的影响,同时考虑到价格矩阵的主要相关特征的选取。在提出的13个研究模型中,只有一个模型具有统计不显著性。提出了可口可乐股价依赖及其对NGFO价格依赖的配对线性模型,并对其进行了详细分析。在计量经济模型的基础上,构建了股票价格对NGFO和WTISPOT价格依赖关系的线性回归模型。Gretl环境允许您在计量经济环境中评估情况,并根据获得的股票价格依赖性模型进行预测,并做出适当的结论。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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