Comparative Analysis of Average Annual Returns: A Study of Sensex (India) versus S&P/ASX 200 (Australia) and Nikkei 225 (Japan)

Authors

  • Dr. Sumona Bhattacharya
  • Sushma Tiwari

Keywords:

Average annual return, Sensex, S&P/ASX 200, Nikkei 225, Comparative analysis, Stock market indices, Correlation, Investment opportunities.

Abstract

This research paper aims to compare the average annual returns of the Sensex (India) with two major stock market indices, namely the S&P/ASX 200 (Australia) and the Nikkei 225 (Japan). The objective is to analyze the performance of the Indian stock market in relation to these two international indices and determine the level of correlation or divergence between them. The study utilizes historical data of average annual returns from a specified time period (not provided) for the Sensex, S&P/ASX 200, and Nikkei 225. The research employs statistical analysis techniques such as mean calculation and comparison to measure and contrast the performance of the three indices. The primary focus is on determining whether the Sensex exhibits similar trends or diverges significantly from the S&P/ASX 200 and Nikkei 225. By examining the average annual returns, investors and researchers can gain valuable insights into the comparative performance and potential investment opportunities of the Indian stock market in relation to the Australian and Japanese markets. The findings of this research paper contribute to a better understanding of the global market dynamics and may assist investors in making informed decisions while diversifying their portfolios.

Downloads

Download data is not yet available.

References

Roni Bhowmik and Shouyang Wang (2020), Stock Market Volatility and Return Analysis, Journal of Entropy 2020, 22, 522

Golaka C Nath and Manoj Dalvi (2004), Day of the week effect and market efficiency evidence from Indian equity market using high frequency data of national stock exchange, Indian journal of commerce and management studies

GoutamTanty and PramodPatjoshi (2016), A study on stock market volatility pattern of BSE and NSE in India, Asian Journal of Management ISSN 0976-495X

SomSankar Sen (2013), An investigation of the day of the week effect on return and volatility of NSE Nifty, International Journal of Financial Management Volume 3 Issue 4

Sarika Mahajan and Balwinder Singh (2013), Return, volume and volatility relationship in Indian stock market: Pre and Post rolling settlement analysis, Sage Publication

HakanBerument and HalilKiymaz (2001), The Day of the Week Effect on Stock Market

Volatility, Journal of economics and finance Volume 25 Number 2

Dr. Silky ViggKushwah and Ms. SulekhaMunshi (2018), The effect of seasonality over stock exchanges in India, Amity Journal of Management (ISSN 2347-1832)

Sudharshan Reddy Paramati and Rakesh Gupta (2011), An Empirical Analysis of Stock Market Performance and Economic Growth: Evidence from India, International Research Journal of Finance and Economics ISSN 1450-2887 Issue 73

VelmuruganRamaseamy (2016), Day of the week effect in Indian stock market with reference to NSE nifty Index, INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY EDUCATIONAL RESEARCH ISSN: 2277-7881 VOLUME 5, ISSUE 9(4)

Kaushik Bhattacharya and DebabrataMukhopadhyay (2003), Stability of the day of the week effect in return and in volatility at the Indian capital market. A GARCH approach with proper mean specification, Applied Financial Economics

PapiaMitra (2016), Day of the Week Effect on Stock Market Return and Volatility: Evidence from Indian Stock Market, IOSR Journal of Economics and Finance e-ISSN: 2321-5933 Volume 7, Issue 4. 16. Ranjan Dasgupta (2012), Long run and short run relationship between BSE Sensex and macroeconomic variables, International Research Journal of Finance and Economics ISSN 1450-2887 Issue 95 (2012)

Sunil Poshakwale (1996), Evidence on Weak Form Efficiency and Day of the Week Effect in the Indian Stock Market, FINANCE INDIA Vol. X No. 3

Ashok Bantwa (2017), A Study on India Volatility Index (VIX) and its Performance as Risk Management Tool in Indian Stock Market, Paripex Indian journal of research Volume: 6 | Issue: 1 January-2017 ISSN-2250-1991

RenuChoudhary and Neha Jain (2020), Research on Volatility Pattern of BSE BANKEX Index & BSE SENSEX Index using Exponential weighted moving Average Model, International Journal of Innovative Technology and Exploring Engineering (IJITEE) ISSN: 2278-3075, Volume-9 Issue 4

http://www.journal-iiie-india.com/1_mar_23/27_online.pdf

http://www.journal-iiie-india.com/1_mar_23/27_online.pdf

http://junikhyatjournal.in/no_1_Online_23/47_apr.pdf

Downloads

Published

2023-09-30

How to Cite

Bhattacharya, D. S. ., & Tiwari, S. . (2023). Comparative Analysis of Average Annual Returns: A Study of Sensex (India) versus S&P/ASX 200 (Australia) and Nikkei 225 (Japan). The Journal of Contemporary Issues in Business and Government, 29(3), 299–306. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/2599