Modeling and Risk Analysis Using Parametric Distributions with an Application in Equity-Linked Securities

Figure 8

Time series of price, return, and histogram for the four indices. (a) HSCEI index prices. (b) Logarithmic time series of HSCEI returns. (c) Histogram of HSCEI returns. (d) KOSPI 200 index prices. (e) Logarithmic time series of KOSPI 200 returns. (f) Histogram of KOSPI 200 returns. (g) S&P 500 index prices. (h) Logarithmic times series of S&P 500 returns. (i) Histogram of S&P 500 returns. (j) EURO STOXX 50 index prices. (k) Logarithmic time series of EURO STOXX 50 returns. (l) Histogram of EURO STOXX 50 returns.

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