Dynamics of the Spanish Stock Market Through a Broadband View of the Ibex 35 Index

Estudios de Economia Aplicada, Vol. 22, No. 1, pp. 7-21, April 2004

Posted: 3 Jun 2004

See all articles by J. Spronk

J. Spronk

Erasmus Research Institute of Management (ERIM)

I. Pouchkarev

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)

J.E. Trinidad Segovia

Universidad de Almeria

Abstract

We present an analysis of the performance of the Spanish Stock Market over the last six years, examining the most widely used index, i.e. the IBEX 35. Our analysis is broader than conventional benchmark approaches because we study the properties of all feasible portfolios, i.e. portfolios composed given the same investment opportunity set and also given the same constraints as implied by the definition of the IBEX 35 index. We estimate the distribution of performance values of all feasible portfolios according to different performance measures and evaluate the position of the IBEX 35 with respect to this feasible set.

Note: This is a description of the paper and not the actual abstract.

Keywords: Investments, Financial Markets, Market Indexes, Performance Evaluation

JEL Classification: C15, C43, G10

Suggested Citation

Spronk, Jaap and Pouchkarev, Igor and Trinidad Segovia, J.E., Dynamics of the Spanish Stock Market Through a Broadband View of the Ibex 35 Index. Estudios de Economia Aplicada, Vol. 22, No. 1, pp. 7-21, April 2004, Available at SSRN: https://ssrn.com/abstract=553841

Jaap Spronk (Contact Author)

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Igor Pouchkarev

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam, 3000 DR
Netherlands

J.E. Trinidad Segovia

Universidad de Almeria ( email )

La Canada de San Urbano 04120
Almeria
Spain

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