STOCKS AND BONDS CORRELATION IN BULGARIA SINCE 2001
Published: 28 Aug 2016
Abstract: The correlation between the two main investment asset classes of shares and government securities is an important component in the portfolio management investment analysis. The prices of shares and government bonds are influenced by a number of fundamental factors that define the magnitude and the shift of the correlation coefficient.
Keywords: correlation, stock market, yield on government bonds, fundamental factors, risk premium
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