@article{MAKHILLIBM201711627246,
    title = {Correlation and Impact of Sector Specific Index on Stock Market Index the
Case of Amman Stock Exchange 2004-2015},
    journal = {International Business Management},
    volume = {11},
    number = {6},
    pages = {1386-1391},
    year = {2017},
    issn = {1993-5250},
    doi = {ibm.2017.1386.1391},
    url = {https://makhillpublications.co/view-article.php?issn=1993-5250&doi=ibm.2017.1386.1391},
    author = {Thair A.},
    keywords = {Conceiving the origins,stock market,considerable interest,portfolio,risk,immense},
    abstract = {Conceiving the origins of stock market fluctuation has been a topic of considerable interest long ago
to both policy makers as well as market practitioners. In both cases, forecasting stock market fluctuation is
considered an immense challenge but also a principal instrument to manage the risks confronted by these
parties. Investment decision is based on various factors and criteria that should be interpreted and analyzed
before adopting any investment decision whether to buy or sale the specifies securities or may your decision
is to hold the security concerned. In this study, we are going to study sector specific index (Financial, Industrial
and Services) which bear a major correlation and impact on Amman Stock Exchange Index-Aggregate index
(ASE-Index). The study, will attempt to assist and direct investors in building-up their portfolio based on the
degree of correlation and impact of sector specific index and the aggregate market index. The main conclusion
of the research that financial sector securities play a major role in reducing the portfolio risks as ii is adversely
correlated with ASE general index while services and industrial sector are positively correlated with the general
index which ultimately means that it will increase the portfolio’s risk level.}
    }