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We compare Equity Markets (Hong Kong and one market in China, PRC) with the New York and London Equity Markets (two mature Western markets), with respect to volatility and rates of return. The purpose is to improve and increase our knowledge of the covariation of these markets. Utilization of exploratory data analysis, cross-correlation analysis and identification of the auto-regressive integrated moving-average (ARIMA) models for analysis and possible model predication. No previous research is as current and definitive as accomplished in this study on data collected over long periods of time from the sources utilized. The analysis indicates that use of data analytical methods provides evidence as to the cointegration of financial markets.

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Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.