Hey All,
I have a question concerning the plotting functions. Consider:
As described in the code I want to plot the cumulative abnormal returns of the EU area vs. the cumulative abnormal returns of the States. I guess in terms of Stata I want to plot two different variables of two different observations against time. Is this possible? If yes, how? if no, does anyone know a workarround that procudes what I am looking for?
I guess in pseudo code I look for:
It seems like cheap trick to just choose a company of which I know it is based in Euro / US, but this could work I guess. Unfortunately Stata syntax is still a bit of a mystery to me. Can anyone help out?
Thanks in advance!
Best,
Harvey
I have a question concerning the plotting functions. Consider:
Code:
// IMPORT DATA // The first part just generates data the way I have it, //such that you know my data structure. //Skip to "PLOT MY RESULTS" clear webuse grunfeld, clear g ret=invest/1500 bys company (year): g cumul=ret if _n==1 replace cumul=ret + l.cumul if missing(cumul) gen country = "empty" keep if company <8 replace country = "FR" if company ==1 replace country = "US" if company ==2 replace country = "DE" if company ==3 replace country = "FR" if company ==4 replace country = "US" if company ==5 replace country = "DE" if company ==6 replace country = "FR" if company ==7 // Generate EMU identifier gen emu = 0 replace emu = 1 if (country == "AT") | (country == "BE") | (country == "ES") | (country == "DE") | (country == "CY")| (country == "FI") | (country == "FR") | (country == "IT") | (country == "NL") | (country == "GR") | (country == "SI") // compute abnormal returns for countries and countrygroups (EMU) egen mean_country_cum = mean(cumul), by(year country) // averages for each country egen mean_euro_cum = mean(cumul), by(year emu) // emu average based on averaging all emu companies // PLOT MY RESULTS // here begins the interesting part // Cumulative returns Euro vs. US // code that displays mean_country_cum(US) vs. mean_euro_cum against time
I guess in pseudo code I look for:
Code:
twoway plot mean_country_cum if company == 1, mean_euro_cum if company == 2
Thanks in advance!
Best,
Harvey