3. a. Determine whether the performance of each of your foreign stocks is driven by the corresponding market where the firm is based. Here you comparing the foreign stock index movement against the movement of your for stocks. Assess the relationship between the market index movements and the stock's price movements. Explain whether the stock's price movements appear to be driven by the local market conditions.

ABB LTD

AACG

Compare and assess the relationship between the market index movements and the stock's price movements. Explain whether the stock's price movements appear to be driven by the local market conditions. Repeat this exercise for each foreign stock in which you invested.

b. Determine whether your foreign stock prices are highly correlated.

c. Determine whether your foreign stock's performance is driven by the U.S. market (using the S&P 500 as a market proxy).