MDPI AG
Montenegrin Stock Exchange Market on a Short-Term Perspective
The objective of this study is to analyse the constitution of the emerging Montenegrin stock exchange. Four methodological time-series econometric steps are involved: the augmented Dickey–Fuller (ADF) test, run test, autocorrelation function (ACF) test, and Hurst test. The study utilises a daily data vector from 5 January 2004 to 20 June 2023, with a specific focus on the period encompassing the growth and peak of market stocks in 2007, followed by the significant 2008 financial crisis and subsequent...
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2023
Štefan Bojnec
,
Tamara Backovic
,
Sergej Gričar
,
Vesna Karadzic
