Cointegration and Priority Relationships Between Energy Stocks and Oil Prices
作者： Omar A. Esqueda , Yongli Luo
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摘要: This study investigates the cointegration and priority relationships between large-cap energy stocks oil price changes over last decade. The results reveal that stock prices have a long run linear relationship with fluctuations. Asset are affected by deviations from equilibrium as well short dynamics. Moreover, some particular Granger causal impacts on market well. existence of this bivariate implies employing portfolio diversification these two markets would be efficient.
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