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Stock analysis British Telecommunications and British Petroleum

Stock analysis British Telecommunications and British Petroleum. Stock prices British Telecommunications and British Petroleum. Dot-com bubble. Return British Telecommunications and excess market return. Return British Petroleum and excess market return.

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Stock analysis British Telecommunications and British Petroleum

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  1. Stock analysis British Telecommunications and British Petroleum

  2. Stock prices British Telecommunications and British Petroleum Dot-com bubble

  3. Return British Telecommunications and excess market return

  4. Return British Petroleum and excess market return

  5. Return British Petroleum and excess market return 01/1997 – 12/1999 (bull market)

  6. Return British Telecommunications and excess market return 6/1999 – 12/2003 (bear market)

  7. Conclusion • Both stocks have a negative skewness, i.e. greater-than-normal probability of big negative returns • Both stocks have a beta close to 1, i.e. neither aggressive nor defensive stocks (but BT more aggressive than BP) • Both regressions have a low R^2, i.e. bad fit of the OLS Regression

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