International Journal of Contemporary Business Studies
International Journal of Contemporary Business Studies
International Journal of Contemporary Business Studies
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<strong>International</strong> <strong>Journal</strong> <strong>of</strong> <strong>Contemporary</strong> <strong>Business</strong> <strong>Studies</strong>Vol: 3, No: 4. May, 2012 ISSN 2156-7506Available online at http://www.akpinsight.webs.comFigure 3 Exponential growth chart between BSE and Singapore160000BSE1400001200001000008000060000Observed40000020000400006000080000100000120000Grow thSINGThe correlation matrix between BSE and other four exchanges under sample is showinglow degree <strong>of</strong> negative correlation except Singapore, which is showing a high degree <strong>of</strong>positive correlations (0.702). Other exchanges also showing positive relationship betweenthem except Singapore exchange having low or moderate correlations between them. Theresult <strong>of</strong> the correlations would have been much more dependable if more number <strong>of</strong>observations can be collected.Table 7 Distribution <strong>of</strong> Correlations MatrixBSE PHILL MALYS MEX SINGBSE Pearson Correlation 1.000 -.291 -.252 -.012 .702Sig. (2-tailed) . .274 .347 .964 .002N 16 16 16 16 16PHILL Pearson Correlation -.291 1.000 .735 .309 .161Sig. (2-tailed) .274 . .001 .244 .552N 16 16 16 16 16MALYS Pearson Correlation -.252 .735 1.000 .574 .115Sig. (2-tailed) .347 .001 . .020 .671N 16 16 16 16 16MEX Pearson Correlation -.012 .309 .574 1.000 -.077Sig. (2-tailed) .964 .244 .020 . .777N 16 16 16 16 16SING Pearson Correlation .702 .161 .115 -.077 1.000Sig. (2-tailed) .002 .552 .671 .777 .N 16 16 16 16 16Correlation is significant at the 0.01 level (2-tailed).Correlation is significant at the 0.05 level (2-tailed).91Copyright © 2012. Academy <strong>of</strong> Knowledge Process
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