Xem 1-20 trên 83 kết quả Stock prediction
  • The predictive power of stock market indicator Ben Branch The journal of financial and quantitive analysis

    pdf18p duypha 16-07-2009 287 107   Download

  • With the above in mind, we argue that a mood variable must satisfy three key characteristics to rationalize studying its link with stock returns. First, the given variable must drive mood in a substantial and unambiguous way, so that its effect is powerful enough to show up in asset prices. Second, the variable must impact the mood of a large proportion of the population, so that it is likely to affect enough investors. Third, the effect must be correlated across the majority of individuals within a country....

    pdf36p bocapchetnguoi 05-12-2012 14 1   Download

  • FOR many years the following question has been a source of continuing controversy in both academic and business circles: To what extent can the past history of a common stock's price be used to make meaningful predictions concerning the future price of the stock? Answers to this question have been provided on the one hand by the various chartist theories and on the other hand by the theory of random walks

    pdf79p conrepcon 13-04-2012 89 26   Download

  • This paper examines episodes of banking sector distress for a large sample of countries, highlighting the experience of Japan. We estimate a model that links the onset of banking problems to a set of macroeconomic variables and institutional characteristics. The model predicts a high probability of banking sector distress in Japan in the early 1990s, matching actual developments closely, and suggests that the Japanese episode fits a well-established pattern characterizing banking sector problems elsewhere.

    pdf29p duypha 15-07-2009 121 19   Download

  • Option trading is one of the greatest games on earth! You can be a two-dollar investor, betting on the action of stocks, the markets, futures and/or commodities, or you can be the casino or a legalized bookie, taking the bets instead of making the bets. You pick the role and have the fun and profit. With options, gains of over 1000% are not unusual, and you can design strategies that will win up to 90% of the time.

    pdf337p transang3 30-09-2012 22 12   Download

  • FOR many years the following question has been a source of continuing controversy in both academic and business circles: To what extent can the past history of a common stock's price be used to make meaningful predictions concerning the future price of the stock? Answers to this question have been provided on the one hand by the various chartist theories and on the other hand by the theory of random walks

    pdf74p transang3 30-09-2012 26 8   Download

  • Option trading is one of the greatest games on earth! You can be a two-dollar investor, betting on the action of stocks, the markets, futures and/or commodities, or you can be the casino or a legalized bookie, taking the bets instead of making the bets. You pick the role and have the fun and profit. With options, gains of over 1000% are not unusual, and you can design strategies that will win up to 90% of the time.

    pdf336p greengrass304 15-09-2012 16 7   Download

  • Intelligent Agent Technology is concerned with the development of autonomous computational or physical entities capable of perceiving, reasoning, adapting, learning, cooperating, and delegating in a dynamic environment. It is one of the most promising areas of research and development in information technology, computer science, and engineering today. This book is an attempt to capture the essence of the current state of the art in intelligent agent technology and to identify the new challenges and opportunities that it is or will be facing....

    pdf532p camnhung_1 14-12-2012 40 7   Download

  • We also add, to the four-factor model above, country-speci c market indexes in some of our analysis to performance models for country-focused funds. For instance, when we turn to such models, a UK fund will have, in addition to the Pan-European factors, a UK market index in a ve- factor model. 11 These augmented models help to control for persistent fund loadings on unpriced factors, as described by Pastor and Stambaugh (2002a). Adding such factors can help tighten the predictive distribution for fund alphas, which can be bene cial for the construction of portfolios. ...

    pdf69p khanhchilam 29-03-2013 15 6   Download

  • Exploring macro view on mutual fund growth as deposit substitution or as an alternative investment, information on deposit amount and deposit rates are drawn from Bank of Thailand website. Assessing growth determinants based on market benchmark, Stock market index is obtained from Stock Exchange of Thailand. Superior fund performance due to outstanding securities selection skills of fund managers come with higher price or higher management fees (Nazir and Nawaz (2010), Livingston and O’Neal (1998), and O’Neal (1999)).

    pdf0p hongphuocidol 04-04-2013 22 6   Download

  • Federal Reserve Chairman Alan Greenspan is perceived as an enigma, a man whose message is cloaked behind a wall of obtuse language. The markets spend an inordinate amount of time trying to break down that wall, hoping they might at last find the Holy Grail on Greenspanisms. But for most, understanding Greenspan to the point where both he and the Fed are even semi- predictable, and hence, tradable, is an elusive challenge. Greenspan is therefore seen as a distraction to investors who would rather focus on companies and industry fundamentals than monetary policy.

    pdf3p duypha 16-07-2009 50 5   Download

  • Recent imperfect capital market theories (e.g., Bernanke and Gertler (1989), Gertler and Gilchrist (1994), Kiyotaki and Moore (1997)) predict that changing credit market conditions can have very di®erent e®ects on small and large ¯rms' risk. Agency costs induced by asymmetry in the infor- mation held by ¯rms and their creditors make it necessary for ¯rms to use collateral when borrowing in the credit markets. Small ¯rms, it is argued, typically do not have nearly as much collateral as large ¯rms and will not have the same ability to raise external funds.

    pdf238p bocapchetnguoi 06-12-2012 20 5   Download

  • Particularly for rented apartments, key control by apartment management is an important issue. Large jury awards have been made to victims of crimes in apartments because of negligent key control and use of a master key. A resident gives up some rights when they move into a multi-residential property. In most cases, the resident, per written agreement, cannot add or replace the lock on their door unless management is given an extra key. By doing this, the management assumes the responsibility of and legal liability for key control.

    pdf12p connhobinh 07-12-2012 20 5   Download

  • Over $4 trillion is currently managed by equity mutual funds in the U.S., with roughly 90 percent invested in actively managed accounts. These mutual funds hold over 25 percent of the outstanding equity value of the average U.S. common stock. This high level of ownership makes it very unlikely that the equity fund industry as a whole is able to outperform the market by a large margin. However, several recent papers show some evidence of manager skills among subgroups of funds (see, for example, Gruber (1996)).

    pdf82p dangsuynghi 15-03-2013 26 5   Download

  • Historically speaking, the earliest asset pricing models made rel- atively simple predictions about what it means for a benchmark to be OE to a managed portfolio. The Capital Asset Pricing Model of Sharpe (CAPM, 1964) implies that all investors should hold a broadly diversified “market portfolio,” combined with safe assets or “cash,” according to the investor’s tastes for risk. It follows that an OE portfolio is a broadly diversified portfolio, combined with safe assets or cash, mixed to have the same market risk exposure, or “beta” coefficient as the fund.

    pdf42p quaivatdo 19-11-2012 22 3   Download

  • This magnification of credit risk for preferred stocks occurs essentially because of their payoff structure. If the firm is liquidated at a low value, all other debt holders are paid first and only then are the preferred holders paid. This credit risk is not rewarded with participation in the firm’s upside as it is for common equity holders. Hence, when firm value becomes low, preferred stocks are more acutely exposed to credit risk than common stocks holders.

    pdf0p quaivattim 04-12-2012 20 3   Download

  • In many ways, this publication provides an initial assessment of the financial architecture required for developing a post 2012 regime and presents an overview of what level of resources and measures would be needed for successfully financing the international response to climate change, for making future climate change policies a success and ultimately, for crafting a climate-secure world for all.

    pdf129p bocapchetnguoi 06-12-2012 36 3   Download

  • The US dollar appreciated by roughly 25% with respect to the euro and Swiss franc in the five months following the collapse of Lehman Brothers, and by even more against many other currencies during this period. Unless accounted for, exchange rate movements of this size severely distort credit growth rates for those economies where credit stocks have large foreign currency components. Moreover, they complicate the construction of regional and global credit aggregates (and growth rates), which requires that credit to borrowers in different countries be expressed in a common currency....

    pdf24p enter1cai 12-01-2013 13 3   Download

  • In contrast to equity markets, the government and corporate bond markets have been held back by the more restrictive regulatory framework. A number of reforms were introduced to the government bond market in 1992 when the price of newly-introduced bonds was set by auction. But it was not until 2005—11 years after the equity market—that bond market became an electronic order limit market. Several measures were implemented to minimize risks in equities trading and to create a national market in stocks.

    pdf56p enter1cai 16-01-2013 25 3   Download

  • Another argument why public capital markets can create incentives to reduce the informativeness of earnings in specific situations is based on earnings targets. Beatty et al. (2002) argue that small investors in stock markets are more likely to rely on simple heuristics such as earnings targets than fairly sophisticated private investors (e.g., banks), which makes public firms more likely to engage in earnings management to exceed targets. Similarly, public firms may manage earnings to meet or beat capital market expectations as expressed in analyst forecasts.

    pdf66p bin_pham 06-02-2013 14 3   Download

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