Özet:

The concept of volatility, which has been widely focused on global investors in recent periods, has become one of the points investors notice when making investment decisions. The need is national but international investors want to a transparent, reliable and predictable financial output. The concept of volatility, which is not achieved as a result of the analysis of the financial statements, but arises as a result of detailed analysis, is a situation that directly affects the return of the investment. Considering the importance of this interaction, this study has studied the return and volatility spread of urban indicators between 2010-2017 with the very variable VAR-EGARCH model. The 5 cities index, which has uninterrupted data between 2010-2017 years, has been included in the analysis. The analyzed city indicators guide the investor to which city to invest in which business. When the results of all the established models are examined in general; the dollar exchange, Adana, Ankara, İzmir, Kayseri and Kocaeli city indices are affected by their own delayed returns and the delayed returns of the dollar currency. It is also seen that the past shocks of the dollar currency have affected the city index in the study. As a result, the dollar currency has a significant spread of volatility over the relevant city indices.

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