Helsinki Stock Exchange at the Beginning of 20th Century: the Experience of Statistical Analysis of Stock Exchange Indexes
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Helsinki Stock Exchange at the Beginning of 20th Century: the Experience of Statistical Analysis of Stock Exchange Indexes
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PII
S207987840001254-8-1
Publication type
Article
Status
Published
Abstract
This article describes the experience of the statistical analysis of stock market index on the example of the index of the Helsinki Stock Exchange as medium-sized, regional, but in many respects unique SE. Monthly indices of St. Petersburg and Helsinki stock exchanges were taken for the statistical analysis. The course dynamics during 21 months were examined (from the date of commencement of the Helsinki Stock Exchange in October 1912 before the start of the First World War). This experience shows how the problem in relation to stock index can be solved and what questions can be answered with the help of statistical analysis. Statistical analysis revealed that the sharp increase in the dynamics of the index of the Helsinki Stock Exchange by more than half is due to inflation, and idea about the sharp rise in share price during WWI have found yet another confirmation.
Keywords
economic history, statistical analysis, stock exchange, stock market index, the Grand Duchy of Finland, The First World War
Received
23.06.2015
Publication date
31.08.2015
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27420
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28
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12645
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