Stability of beta coefficients of sector and subsector portfolios in an uncertain environment

نویسندگان

  • Antonio Terceño Gómez
  • Glòria M. Barberà-Mariné
  • Hernán Pedro Vigier
  • Yanina Laumann
چکیده

This paper is a first approach to the study of beta coefficients using fuzzy regression. We intend to improve the calculation of the sector and subsector betas of the Spanish Stock Market using fuzzy regression in an attempt to incorporate all future inaccuracies and the subjectivity associated with decision making. Our objective is to use all the information provided by the market to determine the systematic risk.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The Effect of the Economic Uncertainty Index on the Stability of the Health of the Financial System

Background & Aims: Uncertainty is a state in which the knowledge of a person or persons is limited and full knowledge of the state or result that has been achieved or is not possible. Macroeconomic uncertainties create an uncertain environment for investors and make it impossible for investors to make decisions about future investments more efficiently and with more confidence, and they may suf...

متن کامل

Money Growth Rules in an Emerging Small Open Economy with an informal sector

This paper is concerned with the saddle-path stability of monetary growth rules in a two-country two-sector dynamic stochastic general equilibrium model. Alongside standard features of emerging economies, such as a combination of producer and local currency pricing for exports, fiscal dominance and oil exports, this model also incorporates informal labour and production sectors and examines how...

متن کامل

Utilization of Univariate Parametric and non-Parametric Methods in the Stability Analysis of Sugar Yield in Sugar Beet (Beta vulgaris L.) Hybrids

Extended Abstract Introduction and Objective: Sugar is a tonic that produces a large amount of energy in the diet of the world's population. The position of sugar beet in providing part of the sugar required by human society is not hidden from anyone. Given the needs of society, breeding sugar beet hybrids that is high in quantity and quality is inevitable. In addition to plant genetics and ...

متن کامل

Probabilistic Assessment of Pseudo-Static Design of Gravity-Type Quay Walls

Failure of the quay walls due to earthquakes results in severe economic loss. Because of hazards threatening such inexpensive nodes of national and international transportation networks, seismic design of quay walls is still an evolving topic in marine structural engineering. This study investigates the sensitivity of the gravity-type quay wall stability respect to uncertain soil and seismic pr...

متن کامل

Stability and numerical solution of time variant linear systems with delay in both the state and control

In this paper, stability for uncertain time variant linear systems with time delay is studied. A new sufficient condition for delay-dependent systems is given in matrix inequality form which depends on the range of delay. Then, we introduce a new direct computational method to solve delay systems. This method consists of reducing the delay problem to a set of algebraic equations by first expand...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:
  • Comput. Sci. Inf. Syst.

دوره 11  شماره 

صفحات  -

تاریخ انتشار 2014