ASSESSMENT CASE PAPER ANALYSIS / TUTORIALOUTLET DOT COMjorge0048
A report broken down into the following sections:
Summary results and recommendations—up front, concise, and to the point.
Answers to the 6 questions asked—devote a paragraph to each, with individual headings
The first report was published in 2010. Each year, our report canvass the views of mining leaders across the country on their growth outlook and prospects, employment and pricing, challenges, opportunities and business priorities, and their advice to Canberra. Over the last seven years, the Mining Business Outlook Report has reported on the highs and lows of the industry first-hand. From broadcasting sentiment when mining was at its peak, to documenting the collapse in confidence as the sustained fall in commodity prices killed the mining investment boom, this report has provided expert insights into an industry facing turbulent times. In 2016, the Federal Government continues to lead the discussion of an economy in transition away from mining and resources. However, as this report shows, in an industry sector that accounts for more than 50 per cent of the value of all Australian exports, our interviews with mining leaders clearly suggest a shift in industry sentiment and potentially, a sustained improvement in the outlook for the sector. Despite the lows that still exist in parts of the industry, there has been a huge surge in sentiment. The outlook for mining appears more positive than it has been in the last three years, with a rise in cautious optimism from below 10 per cent two years ago, to nearly 50 per cent today. The underlying reasons for this are that many leaders have made the difficult changes necessary for their businesses to survive in today’s climate
of low commodity prices. There is a growing sense that prices have stabilised and the next price trend, though it may not occur soon, will be up. In addition to our 50 interviews with mining leaders across key commodities, this year we were also fortunate enough to conduct an exclusive interview with Gina Rinehart, one of Australia’s mining magnates, well-documented for her achievements with Roy Hill, Australia’s largest iron ore mine. Mrs Rinehart remains cautiously optimistic about iron ore, but also warns that in order to retain global competitiveness for Australia’s mining sector, the Australian Government and industry leaders must take urgent action. In summary, there appear to be signs of resurgence in the sector over the next 12 months, with a more confident outlook for the future. However, the sector is also calling out for clearer polices and Government backing in order to support its ongoing contribution to Australia’s economic prosperity, as we once again get ready for an election.
Conference presentation of LCC Asia Pacific from the Mining Investment Asia conference held in Singapore in March 2017
The presentation covered merger & acquisition activity in both the Australian and Asian markets, and likely trends for merger & acquisition activity in the near term
Nicholas Assef_MiningInvestmentAsia_March2017Nicholas Assef
Conference presentation by Nicholas Assef of LCC Asia Pacific delivered at the Mining Investment Asia Conference held in Singapore on 29 March 2017
This conference paper covered Merger & Acquisitions activity in the Engineering and Mining Services Sectors in Australia and across Asia - including commenting on developing themes and deal activity
Rong Viet Securities - Investment Strategy Report May 2017Thomas Farthofer
In this month's strategy Report RongViet highlights quite strong first quarter results of listed companies and explains why still it might be a good idea to follow the classic statement "Sell in May".
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
NASDAQ, S&P, DJIA then and now Research Methods
(
2014
Professor Kostas
Nikolopoulos
) (
NASDAQ, S&P, DJIA then and now
)
Executive Summary
This report analyzed and compared the historical monthly data of the NASDAQ index for the years 1999 and 2009, S&P 500 index for the year 2009, and the index Dow Jones Industrial Average (DJIA) for the years 1990, 2009 and 2012. The results of the analysis suggested that during the year 2009, all the three indices moved up and down considerably, indicating the rapid changes that took place in that year and the high uncertainty in the profitability of the respective companies. The results suggested that the NASDAQ index has been more volatile in the year 1999 than the year 2009. Furthermore, the NASDAQ index has been more volatile than the index S&P 500 and less volatile than the DJIA index for the year 2009. Lastly, the data also indicated that during the year 2009 the DJIA index was more volatile than in the year 1990 and 2012.
Table of Contents
INTRODUCTION 3
DATA ANALYSIS & RESULTS 4
NASDAQ index for the year 2009 4
Comparison of NASDAQ index for the years 1999 and 2009 5
Comparison of S&P 500 and NASDAQ index for the year 2009 6
Comparison of DJIA and NASDAQ index for the year 2009 7
Comparison of DJIA for the years 1990, 1999 and 2009 9
Comparison of Volatility for the NASDAQ, S&P 500 and DJIA for the year 2009 10
CONCLUSION 11
REFRENCES 12
APPENDICIES 13
Appendix A: NASDAQ, S&P 500 and DJIA Indices Monthly Data 13
Appendix B: Summary Statistics 14
INTRODUCTION
The NASDAQ index, the index S&P 500 and the index Dow Jones Industrial Average (DJIA) are the three main American stock exchanges. The NASDAQ index is the second-largest stock exchange in the world after the New York Stock Exchange (NYSE). The index S&P 500 is based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The DJIA index is a price-weighted average of 30 significant stocks traded on the NYSE or NASDAQ.
In financial analysis, standard deviation (or variance) is a statistical measure of the volatility for a given security or market index. According to Sounderpandian (2008), “The standard deviation is often used as a measure of volatility and of the risk associated with financial variables.” In general, the higher the volatility, the riskier the index and vice-versa.
This report will analyze the historical data of the NASDAQ index for the year 2009 to investigate the variability of the index. Furthermore, this report will also compare the historical data of the NASDAQ index for the year 1999 and 2009. This report will also compare the historical data of the index S&P 500 and the DJIA index with the NASDAQ index for the year 2009. Lastly, this report will compare the DJIA index data for 1990, 2009 and 2012. Historical data for the indices will be taken from Yahoo Finance (Yahoo Finance, 2014).
DATA ANALYSIS & RESULTS
NASDAQ index for the year.
ASSESSMENT CASE PAPER ANALYSIS / TUTORIALOUTLET DOT COMjorge0048
A report broken down into the following sections:
Summary results and recommendations—up front, concise, and to the point.
Answers to the 6 questions asked—devote a paragraph to each, with individual headings
The first report was published in 2010. Each year, our report canvass the views of mining leaders across the country on their growth outlook and prospects, employment and pricing, challenges, opportunities and business priorities, and their advice to Canberra. Over the last seven years, the Mining Business Outlook Report has reported on the highs and lows of the industry first-hand. From broadcasting sentiment when mining was at its peak, to documenting the collapse in confidence as the sustained fall in commodity prices killed the mining investment boom, this report has provided expert insights into an industry facing turbulent times. In 2016, the Federal Government continues to lead the discussion of an economy in transition away from mining and resources. However, as this report shows, in an industry sector that accounts for more than 50 per cent of the value of all Australian exports, our interviews with mining leaders clearly suggest a shift in industry sentiment and potentially, a sustained improvement in the outlook for the sector. Despite the lows that still exist in parts of the industry, there has been a huge surge in sentiment. The outlook for mining appears more positive than it has been in the last three years, with a rise in cautious optimism from below 10 per cent two years ago, to nearly 50 per cent today. The underlying reasons for this are that many leaders have made the difficult changes necessary for their businesses to survive in today’s climate
of low commodity prices. There is a growing sense that prices have stabilised and the next price trend, though it may not occur soon, will be up. In addition to our 50 interviews with mining leaders across key commodities, this year we were also fortunate enough to conduct an exclusive interview with Gina Rinehart, one of Australia’s mining magnates, well-documented for her achievements with Roy Hill, Australia’s largest iron ore mine. Mrs Rinehart remains cautiously optimistic about iron ore, but also warns that in order to retain global competitiveness for Australia’s mining sector, the Australian Government and industry leaders must take urgent action. In summary, there appear to be signs of resurgence in the sector over the next 12 months, with a more confident outlook for the future. However, the sector is also calling out for clearer polices and Government backing in order to support its ongoing contribution to Australia’s economic prosperity, as we once again get ready for an election.
Conference presentation of LCC Asia Pacific from the Mining Investment Asia conference held in Singapore in March 2017
The presentation covered merger & acquisition activity in both the Australian and Asian markets, and likely trends for merger & acquisition activity in the near term
Nicholas Assef_MiningInvestmentAsia_March2017Nicholas Assef
Conference presentation by Nicholas Assef of LCC Asia Pacific delivered at the Mining Investment Asia Conference held in Singapore on 29 March 2017
This conference paper covered Merger & Acquisitions activity in the Engineering and Mining Services Sectors in Australia and across Asia - including commenting on developing themes and deal activity
Rong Viet Securities - Investment Strategy Report May 2017Thomas Farthofer
In this month's strategy Report RongViet highlights quite strong first quarter results of listed companies and explains why still it might be a good idea to follow the classic statement "Sell in May".
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
NASDAQ, S&P, DJIA then and now Research Methods
(
2014
Professor Kostas
Nikolopoulos
) (
NASDAQ, S&P, DJIA then and now
)
Executive Summary
This report analyzed and compared the historical monthly data of the NASDAQ index for the years 1999 and 2009, S&P 500 index for the year 2009, and the index Dow Jones Industrial Average (DJIA) for the years 1990, 2009 and 2012. The results of the analysis suggested that during the year 2009, all the three indices moved up and down considerably, indicating the rapid changes that took place in that year and the high uncertainty in the profitability of the respective companies. The results suggested that the NASDAQ index has been more volatile in the year 1999 than the year 2009. Furthermore, the NASDAQ index has been more volatile than the index S&P 500 and less volatile than the DJIA index for the year 2009. Lastly, the data also indicated that during the year 2009 the DJIA index was more volatile than in the year 1990 and 2012.
Table of Contents
INTRODUCTION 3
DATA ANALYSIS & RESULTS 4
NASDAQ index for the year 2009 4
Comparison of NASDAQ index for the years 1999 and 2009 5
Comparison of S&P 500 and NASDAQ index for the year 2009 6
Comparison of DJIA and NASDAQ index for the year 2009 7
Comparison of DJIA for the years 1990, 1999 and 2009 9
Comparison of Volatility for the NASDAQ, S&P 500 and DJIA for the year 2009 10
CONCLUSION 11
REFRENCES 12
APPENDICIES 13
Appendix A: NASDAQ, S&P 500 and DJIA Indices Monthly Data 13
Appendix B: Summary Statistics 14
INTRODUCTION
The NASDAQ index, the index S&P 500 and the index Dow Jones Industrial Average (DJIA) are the three main American stock exchanges. The NASDAQ index is the second-largest stock exchange in the world after the New York Stock Exchange (NYSE). The index S&P 500 is based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The DJIA index is a price-weighted average of 30 significant stocks traded on the NYSE or NASDAQ.
In financial analysis, standard deviation (or variance) is a statistical measure of the volatility for a given security or market index. According to Sounderpandian (2008), “The standard deviation is often used as a measure of volatility and of the risk associated with financial variables.” In general, the higher the volatility, the riskier the index and vice-versa.
This report will analyze the historical data of the NASDAQ index for the year 2009 to investigate the variability of the index. Furthermore, this report will also compare the historical data of the NASDAQ index for the year 1999 and 2009. This report will also compare the historical data of the index S&P 500 and the DJIA index with the NASDAQ index for the year 2009. Lastly, this report will compare the DJIA index data for 1990, 2009 and 2012. Historical data for the indices will be taken from Yahoo Finance (Yahoo Finance, 2014).
DATA ANALYSIS & RESULTS
NASDAQ index for the year.
Stocks Go From Great to Good as the Bull Turns FiveJP Marketing | NE
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Confirmation of buying in january and selling in december
1. Confirmation of Buying in January and Selling in December: An
Evidence from S&P 500 and NEPSE, 20 Years
- SudarshanKadariya,NewYork
Comments:Su.kadariya@gmail.com
Last year, we had published an article with a comparative monthly analysis of S&P 500 - an index of 500
largest companies based on their market capitalization in the United States, having common stock listed
on the NYSE or NASDAQ, with NEPSE. The 20 years of historical data indicated that both market indices
were reached to its peak level in the month of December and were reached to its bottom in the month
January for a majority of the time. Based on these common behaviors of the both stock markets, we had
proposedaninvestinginsight –buyin Januaryand sell inDecember.
Today, we are going to re-confirm the proposed investing insight based on the same 20 years of
historical datathroughdifferentways.
In this section, both indices are divided into 5 years window and derived average monthly numbers. The
plots of those four, 5 years’ average monthly performance are presented in the graph below which
shows a clear upward movement from January to December for the period S&P 2003 – 2007 and S&P
2013 to 2017. Other two period's movements are flat or inconclusive. Similarly, NEPSE has also exhibited
the similar behavior - visible upward moves for the periods NEPSE 2003 - 2007 and NEPSE 2013 - 2017.
These monthly behaviors of both stock indices support the proposed investing insight – buy in January
and sell inDecember.
In this section, we present the average monthly index figures in the graphs which show the S&P and
NEPSE movements and their relations even though the relationships are unclear. But, we can see some
inconsistent opposite moves for the period 1998 – 2002 and 2008 -2012. If there would be a consistent
opposite moves, we would take an insight that the investors could choose to invest in the alternate
1000
1200
1400
1600
1800
2000
2200
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
S&P500Index
Average monthly S&P 500, 5 year
breakdown for 20 years
S&P 500 (1998 - 2002) S&P 500 (2003 - 2007)
S&P 500 (2008 - 2012) S&P 500 (2013 - 2017)
0
200
400
600
800
1000
1200
1400
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
NEPSEIndex
Average monthly NEPSE, 5 year
breakdown for 20 years
NEPSE(1998- 2002) NEPSE(2003- 2007)
NEPSE(2008- 2012) NEPSE(2013- 2017)
2. market when the other market does not perform well. Or, simply, eligible investors can diverse their
portfolio between S&P 500 and NEPSE to minimize their investment risks. On the other hands, we can
see the re-confirmationof January low andDecemberhighforthe majorityof the periods.
Once again, the whole period average monthly price performance further reconfirmed that the stock
market start lower from January and reach to its peak in the month of December. These are the data-
driven re-confirmation of the monthly price performance of both stock markets. If we take insights to
buy in January and sell in December, we would possibly make positive returns in our investment in the
both markets. Further, the graph also indicates that the S&P gives two entry opportunities (January and
October) ina year whereasNEPSEgivesonlyJanuaryopportunity.
Finally, we would like to present interplay of both stock indices for the last 20 years which shows that
the 3rd running bull in the S&P and NEPSE in its correction phase of its 3rd bull market. But, S&P has
220
240
260
280
300
1,050
1,100
1,150
1,200
1,250
1,300
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Index
S&P 500 (1998 -2002) NEPSE (1998 - 2002)
230
330
430
1,100
1,150
1,200
1,250
1,300
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Index
S&P 500 (2003 -2007) NEPSE (2003 - 2007)
230
330
430
530
630
1,100
1,150
1,200
1,250
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Index
S&P 500 (2008 -2012) NEPSE (2008 - 2012)
230
730
1,230
1,730
1,700
1,800
1,900
2,000
2,100
2,200
Jan
Mar
May
Jul
Sep
Nov
Index
S&P 500 (2013 -2017) NEPSE (2013 - 2017)
230
280
330
380
430
480
530
580
630
1,320
1,340
1,360
1,380
1,400
1,420
1,440
1,460
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Index
Month
S&P 500 (1998 -2017) NEPSE (1998 - 2017)
3. always behaved as a leading performer and NEPSE, a follower. In 2001, NEPSE was in its high where
correspondingly S&P had experienced a fall. Ironically, in 2008 and 2009, S&P had performed its worst
but NEPSE was testing it's the then peak. Later, NEPSE had followed the longer than expected drop
compares to S&P. These patterns indicate that S&P has some lagging effect on the Nepalese Stock
market even though there seems no connection between these two isolated stock markets by its
location and by its economic connections of the hosting countries. In other words, the success and
failure in the S&P 500 replicate in NEPSE after a brief time gap which gives an opportunity to manage
theirassetstothe investorsinNEPSE.
This relationship between S&P and NEPSE could be an interesting investing insight to the investors who
live abroad and would like to see the investment opportunities in Nepalese capital market. Currently,
the nation's agendaisto softenthe regulations andtowelcome the savingsresidingabroad.
Bottom line: The analysis presented above reconfirms the investing insights suggested in the previous
article - buy in January and sell in December, is now further strengthened. The inclusion of S&P 500 in
the analysis would help local investors be aware of the western stock market behavior in connection
with our local market. And, the final thought with regards to Nepalese living abroad might think to start
investing in Nepal since the regulatory scenarios are now getting softer and the government is aiming to
attract the financial recourses to help to re-build and re-restructure the country’s needs. We are now
assumed that this article will certainly add some value to the discussion of welcoming foreign
investmenttoNepal torebuildNepalese industriesanditseconomyasa whole.
(* The author is a Gold medalist in M. Phil in Management with specialization in Finance in 2012,
Tribhuvan University. Now, he works for a consulting firm in New York. The opinion presented in the
article is personal.You can reach to the authoratsu.kadariya@gmail.com)
150
650
1150
1650
2150
1/2/98
1/2/99
1/2/00
1/2/01
1/2/02
1/2/03
1/2/04
1/2/05
1/2/06
1/2/07
1/2/08
1/2/09
1/2/10
1/2/11
1/2/12
1/2/13
1/2/14
1/2/15
1/2/16
1/2/17
S&P 500 (1998 - 2017) NEPSE (1998 - 2017)