Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/1286
Title: Dividend analysis of dow jones Asia select dividend 30 index
Authors: Gandhi S
Sharma S
Sharma M.
Keywords: Dividend Analysis
Dow Jones Asia Select Dividend 30 Index
Issue Date: 2020
Publisher: Portfolio Management Research
Abstract: This article examines the relationship of the Dow Jones Asia Select Dividend 30 Index (DJASD) with six Asian market indices, namely the Bombay Stock Exchange (BSE), the Jakarta Stock Exchange (JKSE) Index, the Korea Composite Stock Price Index (KOSPI), the Nikkei (Japan), the Shanghai Stock Exchange (SSE), and the Taiwan Stock Exchange Corporation (TSEC). It involves the calculation of coefficient of correlation and coefficient of determination to explain the pattern of variance of the DJASD Index with the aforesaid six independent indices. As a first step, data reduction is performed on these indices to extract a principal component that best describes the variance in the dataset. This is followed by performing an analysis for robustness using two methods. Both the methods give approximately the same results, authenticating the reliability of the analysis. The results show that the DJASD Index has a low positively correlation with the principal component (that represents BSE, JKSE, KOSPI, Nikkei, SSE, and TSEC).
URI: 10.3905/JWM.2020.1.108
http://hdl.handle.net/123456789/1286
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