An Empirical Analysis of Global Stock Markets Evidence from USA, Malaysia and Switzerland

Abstract

This article investigates a unique dataset that includes detailed trading information of three countries stock indices from 2000 to 2022. First, to find that the stock markets of all three countries declined in 2008, due to the financial crisis at that time. Second, calculating the monthly rate of return of three countries and produce the annual portfolio performance outcomes that include returns, volatilities and Sharpe ratios. Third, calculating the maximum drawdowns, and further analyze the market risks of each country. Finally, combining multiple countries stock markets into one portfolio and showcase the portfolio optimization benefits.