The stocks market consist of six stock exchange such as the stock exchange of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam aims to promote the growth of the ASEAN capital market.
Published in Chapter:
Multi-Process Analysis and Portfolio Optimization Based on Quantum Mechanics (QM) Under Risk Management in ASEAN Exchanges: A Case Study of Answering to the E-Commerce and E-Business Direction
Chukiat Chaiboonsri (Chiang Mai University, Thailand) and Satawat Wannapan (Chiang Mai University, Thailand)
Copyright: © 2021
|Pages: 16
DOI: 10.4018/978-1-7998-4984-1.ch003
Abstract
This research attempts to classify, predict, and manage the financial time-series trends of the large stock prices of significant companies in the development of e-commerce and e-business in the ASEAN countries. Moreover, the Markowitz portfolio optimization analysis based on quantum mechanics was utilized to find out the direction of e-commerce and e-business in the future. Data collection for this study consists of Maybank, PPB Group Berhad, Golden Agri-Resource, SingTel, and Global Logistic Properties. And the stock prices of those companies were carried out to this study from 2004 to 2018 by daily data. Interestingly, the empirical results would provide a possible solution and efficiently suggest a beneficial for the development of both e-commerce and e-business in the ASEAN countries. The commerce and business based on electronics in ASEAN, especially agribusiness, energy business, and telecommunication business, still play a major important role in the economy of ASEAN countries.