The Strategic Analysis of online investors' Timing and Selection Ability
Date Issued
2006
Date
2006
Author(s)
Lai, Sheng-Yen
DOI
zh-TW
Abstract
Comparing with the fixed deposit, investing in the stock market is a higher revenue but higher risk way to invest. This research wants to find the right investing way to get high revenue but avoid risk. Therefore, this research distinguishes different type of the investors by timing and selection ability first. By using the statistics method, the research wants to find out what kind of different investing modes are there between the successful investors and the unsuccessful investors. And find a reasonable analysis for the phenomenon.
First, this research uses the Hierarchical Bayes Statistics to observe are there any different investing method for different type of investors after major event occurred. Second this research observes what kind of stock – different price or figure– do the investors buy or sell after major event occurred. Third the research wants to see whether different types of investors’ investing way follow the weekend effect or not.
This research’s data comes from the online investors’ trading information of a securities firm. The research results show that there are no obvious different between all type of investors after major event occurred. Form the aspect of stock selecting, the investors who have selection and stable ability like high-price, median and high-price, median-price, median and low-price, and the stable stock. However, there is no obvious different time to buy or to sell the stock in a week. We can only find out the trend that the successful investors sold their stock on Wednesday and the last day in a week.
Subjects
擇時擇股
貝氏層級統計
線上投資人
timing and selection ability
Hierarchical Bayes Statistics
online investor
Type
thesis
File(s)![Thumbnail Image]()
Loading...
Name
ntu-95-R93724037-1.pdf
Size
23.31 KB
Format
Adobe PDF
Checksum
(MD5):aef00cd8602e00d9663948cd601bb889