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This paper comprises a study of the general indicators used for the overall evaluation of the performance of the stock exchange in Romania. Due to these indicators, investors can assess the volume and the dynamics of the respective market. Irrespective of whether the categories are considered...
Persistent link: https://www.econbiz.de/10005836806
We are interested in forecasting bankruptcies in a probabilistic way. Specifcally, we com- pare the classification performance of several statistical and machine-learning techniques, namely discriminant analysis (Altman's Z-score), logistic regression, least-squares support vector machines and...
Persistent link: https://www.econbiz.de/10008545981
The increase of criminal activity worldwide calls for cooperation in order to combat crime. All over the world … about the offenders are also examined. Multivariate methods such as Principal Component Analysis (PCA), and Clustering …
Persistent link: https://www.econbiz.de/10005835804
This paper investigates the integration of the Ethiopian grain market to the world market; and within country grain … into the world market is analyzed using the US and SAFEX exchange markets as a world market; for wheat Paris and Chicago … exchange markets are considered a wheat world market. The analysis has been conducted using a cointegration method: Johansen …
Persistent link: https://www.econbiz.de/10011113348
Woodall and Montgomery in a discussion paper, state that multivariate process control is one of the most rapidly developing sections of statistical process control. Nowadays, in industry, there are many situations in which the simultaneous monitoring or control, of two or more related quality -...
Persistent link: https://www.econbiz.de/10005623293
such as principal components analysis (PCA) and partial lest squares (PLS). Finally, we describe the most significant …
Persistent link: https://www.econbiz.de/10005623529
Using estimated CAPM-models portfolio risks of Russian mutual funds are analyzed. Two questions are considered: how did mutual funds portfolio risks change during the crisis and postcrisis periods; did portfolio managers successfully fit the portfolio structure depending on market conditions?...
Persistent link: https://www.econbiz.de/10011260907
Valuation-based market timing demonstrates greater potential to improve risk-adjusted returns for conservative long-term investors than given credit by Fisher and Statman (2006). On a risk-adjusted basis, market-timing strategies provide comparable returns as a 100 percent stocks buy-and-hold...
Persistent link: https://www.econbiz.de/10008866117
In this paper the authors survey financial structure theories, from the start-up point, which is considered Modigliani and Miller’s capital structure irrelevance theorem, to recent theories, such as the pecking order and the market timing theory. For each type of model, a brief overview of the...
Persistent link: https://www.econbiz.de/10009004039
This paper is an empirical assessment of the performance of mutual fund managers in terms of “market timing” and “selectivity”, within the framework suggested by Treynor and Mazuy (1966) and Henriksson and Merton (1981). The relevant data set is a balanced panel of fifty five mutual...
Persistent link: https://www.econbiz.de/10008678265