The Stock Exchange of Suriname: Returns, Volatility, Correlations and Weak-form Efficiency

Denice Bodeutsch and Philip Hans Franses

No EI 2014-02, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: __Abstract__ The empirical properties of stock returns are studied for 10 companies listed at the Suriname Stock Exchange (SSE), which is a young and growing stock market. Individual stock returns are found to be predictable from the own past to some extent, but the equal-weighted index returns are not. Dynamic correlations with large Latin-American stock markets appear to be zero. It is concluded that there is much more efficiency to be gained for the SSE.

Keywords: emerging markets; developing countries; returns; volatility; market weak-form efficiency (search for similar items in EconPapers)
JEL-codes: G14 G15 (search for similar items in EconPapers)
Date: 2014-02-01
New Economics Papers: this item is included in nep-cfn and nep-fmk
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Journal Article: The Stock Exchange of Suriname: Returns, Volatility, Correlations, and Weak-Form Efficiency (2015)
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