Beruflich Dokumente
Kultur Dokumente
STOCK RETURN:
NATIONAL &
INTERNATIONAL
GROUP 1
RETURNS ARE LARGE AT THE END OF THE MONTH AND LAST TRADING DAY.
SMALL COMPANIES ARE NOT LOOKED UP BY INVESTORS SO, THIS STOCK IS LESS
LIQUID AND PRICE IS NOT DISCOVERED TO EQUILIBRIUM LEVEL.
SUCH LOW PRICED STOCKS CAN LEAD TO LARGE PRICE APPRECIATION THAN
LARGE CAP STOCKS.
RETURNS ARE HIGH OF LOW PRICED STOCKS THAN THAT OF HIGH CAP FIRMS.
REGIONAL EFFECT:
THE REGIONAL OR LOCATIONAL FACTOR OF THE FIRM HAS AN DIRECT IMPACT ON
THE RETURNS
DAILY STOCK RETURNS ARE NEGATIVE FOR ONLY MONDAY AND THURSDAY.
THE RISK OF NEGATIVE RETURNS RISK IS HIGHER ON FRIDAY WITH 3.27% WHEREAS
LOWER FOR TUESDAY WITH 1.12%.
FOR EG. COMMERCIAL BANKING SECTOR OFFER HIGHEST AVERAGE DAILY STOCK
RETURNS OF 0.44% ON MONDAY AND VICE VERSA ON TUESDAY.
SUKLA PAKCHHA COFFICIENTS ARE HIGH FOR SIX SECTORIAL RETURNS WITH NO
STATISTICAL SIGNIFICANT.
JANUARY EFFECT
DASHAIN EFFECT