Comparative Analysis of Price Dynamics for Shares of Technology Companies in Japan: Canon Inc, Hitachi Ltd, Sony Corp., Alps Electric Co., Tokyo Electric Power Co

Abstract

Comparative analysis is one of the tools for studying economic dynamics. Comparative analysis allows you to reveal existing trends and evaluate some of the influencing factors that indirectly affect the dynamics under study. Among the applications of using comparative analysis, we single out the financial market. We emphasize that individual segments of the financial market are determined by the movement of stock prices. This is due to the fact that the stock price underlies the definition of many stock indices, various indicators. Based on this, we conduct a comparative analysis of the price dynamics of the shares of a number of technology companies in Japan. The paper presents the dynamics of stock prices for a number of technology companies in Japan: Canon Inc, Hitachi Ltd, Sony Corp., Alps Electric Co., Tokyo Electric Power Co. We also provide various statistical characteristics for the dynamics of stock prices of such companies. To conduct a comparative analysis, we use the methodology of wavelet analysis. We consider wavelet coherence estimates. This makes it possible to assess the mutual dynamics of stock prices and to give appropriate estimates of such dynamics. The paper presents many graphs and charts that allow you to understand the course of this study, evaluate possible investment decisions.