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- Title
Study on the Diversification Ability of Fine Wine Investment.
- Authors
Chu, Patrick Kuok Kun
- Abstract
The article examines the long-run interdependence between the stock market composite index and the fine wine price index Liv-ex Fine Wine Index, developed by the London International Vintners Exchange (Liv-ex) as of March 2014. Topics discussed include background of Liv-ex, evaluation of the cointegration properties of the variables, vector autoregression (VAR) model, and the lack of cointegration of the Liv-ex Fine Wine 100 Index with most of the stock market composite indexes.
- Subjects
STOCKS (Finance); STOCK price indexes; WINES; COINTEGRATION; VECTOR autoregression model
- Publication
Journal of Investing, 2014, Vol 23, Issue 1, p123
- ISSN
1068-0896
- Publication type
Article
- DOI
10.3905/joi.2014.23.1.123