Use of the Baltic Dry Index as a leading economic indicator to predict Asian share market performance

Samarasena, CA; Sigera, I

UoM IR
→
Research Publications
→
Conference Proceedings
→
UoM Conferences
→
Departmental Conferences
→
International Conference on Research for Transport and Logistics Industry
→
R4TLI - 2016
→
View Item

dc.contributor.author	Samarasena, CA
dc.contributor.author	Sigera, I
dc.contributor.editor	Gunaruwan, TL
dc.date.accessioned	2022-04-22T09:31:19Z
dc.date.available	2022-04-22T09:31:19Z
dc.date.issued	2016-06
dc.identifier.citation	Samarasena, C.A., & Sigera, I. (2016). Use of the Baltic Dry Index as a leading economic indicator to predict Asian share market performance [Extended Abstract]. In T.L. Gunaruwan (Ed.), Proceedings of 1st International Conference on Research for Transport and Logistics Industry 2016 (pp. 121-124). Sri Lanka Society of Transport and Logistics. https://slstl.lk/r4tli-2016/	en_US
dc.identifier.uri	http://dl.lib.uom.lk/handle/123/17666
dc.description	The London-based Baltic Exchange measures changes in the cost of transporting raw materials such as metals, grains and fossil fuels by sea, through the Baltic Dry Index (BDI). Dry bulks represent initial or intermediary steps of the production cycle. Shipping of dry bulks therefore happens even before the production cycle begins. This allows the use of BDI as a practical leading economic indicator. This research attempts to prove that the BDI has predictive ability for a range of major Asian stock market returns. The following formula is used to calculate the BDI, The value 0.113473601 is the multiplier introduced to standardise the calculation and was first applied when the BDI replaced its predecessor BFI (Baltic Freight Index). Time charter average (TCavg) on routes measured covering Handysize (HT), Supramax (ST), Panamax (PT), and Capesize (CT) ships. These dry bulk carriers carry a range of commodities including coal, iron ore and grain in the 23 routes tracked by the BDI.	en_US
dc.language.iso	en	en_US
dc.publisher	Sri Lanka Society for Transport and Logistics	en_US
dc.relation.uri	https://slstl.lk/r4tli-2016/	en_US
dc.subject	Baltic dry index	en_US
dc.subject	Global stock markets	en_US
dc.subject	Global real economic activity	en_US
dc.subject	Predictive regressions	en_US
dc.title	Use of the Baltic Dry Index as a leading economic indicator to predict Asian share market performance	en_US
dc.type	Conference-Extended-Abstract	en_US
dc.identifier.faculty	Engineering	en_US
dc.identifier.department	Department of Transport and Logistics Management	en_US
dc.identifier.year	2016	en_US
dc.identifier.conference	1st International Conference on Research for Transport and Logistics Industry 2016	en_US
dc.identifier.place	Colombo	en_US
dc.identifier.pgnos	pp. 121-124	en_US
dc.identifier.proceeding	Proceedings of 1st Conference on Research for Transport and Logistics Industry 2016	en_US