Table 4 Beta coefficients for emerging...

Table 4

Beta coefficients for emerging and developed markets

	Full Period (1993–2018)	(1993–1997)	(1998–2002)	(2003–2007)	(2008–2012)	(2013–2017)
MSCI-World	1.00	1.00	1.00	1.00	1.00	1.00
Emerging Markets
Pakistan	0.38	0.56	0.03	1.07	0.36	0.48
Argentina	1.32	1.58	1.03	1.59	1.35	1.55
Brazil	1.71	1.18	2.27	2.17	1.53	1.64
Chile	0.80	0.46	0.74	1.19	0.83	0.72
China	0.56	−0.55	0.15	0.63	0.73	1.03
Colombia	1.06	–	0.66	1.66	1.07	1.04
The Czech Republic	1.10	−0.40	0.66	1.29	1.64	0.95
Egypt	0.92	–	0.51	0.73	1.20	0.80
Greece	1.47	–	0.56	1.50	1.80	2.30
Hungary	1.48	1.12	1.22	1.56	1.91	0.91
Indonesia	1.20	1.59	1.11	1.47	1.38	0.60
India	1.01	0.44	0.59	1.58	1.41	1.06
Korea	1.35	0.72	1.71	1.61	1.45	0.83
Malaysia	0.77	1.22	0.85	0.67	0.73	0.80
Mexico	1.30	1.51	1.45	1.46	1.27	0.88
The Philippines	0.92	1.01	1.10	0.60	0.91	0.83
Poland	1.55	1.88	1.25	1.90	1.76	1.01
Peru	1.05	1.33	0.55	1.14	1.35	0.85
Russia	1.63	1.59	1.96	1.14	1.68	1.27
Thailand	1.14	1.32	1.41	1.20	1.11	0.77
Taiwan	0.99	1.03	0.93	0.99	1.11	0.71
Turkey	1.63	0.51	2.29	2.38	1.53	1.10
Developed Markets
Australia	1.14	1.19	0.83	1.23	1.37	1.26
Austria	1.29	–	0.40	1.25	1.71	1.37
Belgium	1.13	–	0.61	1.37	1.33	1.05
Canada	1.10	0.88	1.16	1.21	1.14	0.97
Denmark	0.99	0.56	0.78	1.21	1.23	0.91
Finland	1.38	–	1.61	1.59	1.37	1.10
France	1.26	–	1.17	1.30	1.33	1.24
Germany	1.40	–	1.46	1.62	1.39	1.36
Hong Kong	1.18	1.83	1.18	1.06	1.07	1.13
Ireland	1.12	–	0.80	1.14	1.36	0.87
Israel	1.05	–	0.62	1.42	1.24	0.93
Italy	1.25	–	0.89	1.18	1.43	1.32
Japan	0.81	1.44	0.76	0.71	0.69	0.86
The Netherlands	1.31	–	1.18	1.46	1.38	1.23
Norway	1.30	0.82	1.00	1.69	1.60	1.22
Portugal	1.06	–	0.64	0.85	1.23	1.41
Singapore	1.10	–	0.96	0.96	1.22	1.07
Spain	1.23	–	0.97	1.14	1.37	1.40
Sweden	1.32	1.22	1.29	1.50	1.41	1.14
Switzerland	0.85	0.74	0.78	1.01	0.86	0.98
UK	0.94	0.81	0.77	1.05	1.04	1.15
USA	0.93	0.73	0.88	0.99	1.00	0.93

	Full Period (1993–2018)	(1993–1997)	(1998–2002)	(2003–2007)	(2008–2012)	(2013–2017)
MSCI-World	1.00	1.00	1.00	1.00	1.00	1.00
Emerging Markets
Pakistan	0.38	0.56	0.03	1.07	0.36	0.48
Argentina	1.32	1.58	1.03	1.59	1.35	1.55
Brazil	1.71	1.18	2.27	2.17	1.53	1.64
Chile	0.80	0.46	0.74	1.19	0.83	0.72
China	0.56	−0.55	0.15	0.63	0.73	1.03
Colombia	1.06	–	0.66	1.66	1.07	1.04
The Czech Republic	1.10	−0.40	0.66	1.29	1.64	0.95
Egypt	0.92	–	0.51	0.73	1.20	0.80
Greece	1.47	–	0.56	1.50	1.80	2.30
Hungary	1.48	1.12	1.22	1.56	1.91	0.91
Indonesia	1.20	1.59	1.11	1.47	1.38	0.60
India	1.01	0.44	0.59	1.58	1.41	1.06
Korea	1.35	0.72	1.71	1.61	1.45	0.83
Malaysia	0.77	1.22	0.85	0.67	0.73	0.80
Mexico	1.30	1.51	1.45	1.46	1.27	0.88
The Philippines	0.92	1.01	1.10	0.60	0.91	0.83
Poland	1.55	1.88	1.25	1.90	1.76	1.01
Peru	1.05	1.33	0.55	1.14	1.35	0.85
Russia	1.63	1.59	1.96	1.14	1.68	1.27
Thailand	1.14	1.32	1.41	1.20	1.11	0.77
Taiwan	0.99	1.03	0.93	0.99	1.11	0.71
Turkey	1.63	0.51	2.29	2.38	1.53	1.10
Developed Markets
Australia	1.14	1.19	0.83	1.23	1.37	1.26
Austria	1.29	–	0.40	1.25	1.71	1.37
Belgium	1.13	–	0.61	1.37	1.33	1.05
Canada	1.10	0.88	1.16	1.21	1.14	0.97
Denmark	0.99	0.56	0.78	1.21	1.23	0.91
Finland	1.38	–	1.61	1.59	1.37	1.10
France	1.26	–	1.17	1.30	1.33	1.24
Germany	1.40	–	1.46	1.62	1.39	1.36
Hong Kong	1.18	1.83	1.18	1.06	1.07	1.13
Ireland	1.12	–	0.80	1.14	1.36	0.87
Israel	1.05	–	0.62	1.42	1.24	0.93
Italy	1.25	–	0.89	1.18	1.43	1.32
Japan	0.81	1.44	0.76	0.71	0.69	0.86
The Netherlands	1.31	–	1.18	1.46	1.38	1.23
Norway	1.30	0.82	1.00	1.69	1.60	1.22
Portugal	1.06	–	0.64	0.85	1.23	1.41
Singapore	1.10	–	0.96	0.96	1.22	1.07
Spain	1.23	–	0.97	1.14	1.37	1.40
Sweden	1.32	1.22	1.29	1.50	1.41	1.14
Switzerland	0.85	0.74	0.78	1.01	0.86	0.98
UK	0.94	0.81	0.77	1.05	1.04	1.15
USA	0.93	0.73	0.88	0.99	1.00	0.93

Source(s): Own elaboration based on data taken from Thomson Reuters Datastream

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