Analysis of relationship between quantity and price of Yamana Gold Company based on Granger test

Abstract

Contemporarily, investigation focuses on the inherit connection between the stock market prices and trading quantity has been a general trend regarding to the quantitative financing forecasting. The relevant research conclusions have also been widely used in the field of financial economy. For the sake of explaining the correlation between the two series, this paper takes Yamana Gold Company as the object. In terms of descriptive statistical analysis and empirical analysis method as well as the Eviews software, this study analyzes the stock price and trading volume of the target from December 1, 2003 to May 5, 2022. According to the analysis, the trading volume is the Granger on account of the return rate, while the return rate is not. By investigating the relationship between volume and price, they can deeply grasp the operation of the stock market and lay a solid foundation for investors and regulators to make various decisions. These results shed light on guiding further exploration regarding to the healthy and stable development and perfection of the stock market.