Hi All! 1st post from me here on HC. With all the comparisons of ASX vs. NASDAQ prices I was curious if there actually is any merit in comparing them.
I loaded up historic daily prices from both exchanges making sure to adjust for all the days where either exchange was closed when the other wasn't etc. and lined them all up. Also loaded in historic daily AUD/USD exchange rates as well all for the past year, and converted the NAS prices accordingly aswell as the volume multiplied by 5.
Overall yeah on "average" the two are very very close, but when you actually go through the data, they disconnect incredibly often and by huge margins.
The other interesting part is comparing their respective volumes against their own averages for the past year, and it's basically incomparable.
Anyway thought it might be useful for any stats/excel lovers, I don't know what else to draw from the data except the price of either exchange is basically not an indicator for the other exchange the next day WHATSOEVER.
Cheers!
Google sheet with all the data -
https://docs.google.com/spreadsheets/d/1LWJds60VRV0NG-IoqG-VCzYD8WUTqwpK9vQs-K8m34k/edit?usp=sharing
MESO action tonight, page-528
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