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An Analysis of the Influence of Fundamental Values' Estimation Accuracy on Financial Markets
Author
Source
Journal of Probability and Statistics
Issue
Vol. 2010, Issue 2010 (31 Dec. 2010), pp.1-17, 17 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2010-05-27
Country of Publication
Egypt
No. of Pages
17
Main Subjects
Abstract EN
This research analyzed the influence of the differences in the forecast accuracy of fundamental values on the financial market.
As a result of intensive experiments in the market, we made the following interesting findings: (1) improvements in forecast accuracy of fundamentalists can contribute to an increase in the number of fundamentalists; (2) certain situations might occur, according to the level of forecast accuracy of fundamentalists, in which fundamentalists and passive management coexist, or in which fundamentalists die out of the market, and furthermore; (3) where a variety of investors exist in the market, improvements in the forecast accuracy could increase the number of fundamentalists more than the number of investors that employ passive investment strategy.
These results contribute to clarifying the mechanism of price fluctuations in financial markets and also indicate one of the factors for the low ratio of passive investors in asset management business.
American Psychological Association (APA)
Takahashi, Hiroshi. 2010. An Analysis of the Influence of Fundamental Values' Estimation Accuracy on Financial Markets. Journal of Probability and Statistics،Vol. 2010, no. 2010, pp.1-17.
https://search.emarefa.net/detail/BIM-480166
Modern Language Association (MLA)
Takahashi, Hiroshi. An Analysis of the Influence of Fundamental Values' Estimation Accuracy on Financial Markets. Journal of Probability and Statistics No. 2010 (2010), pp.1-17.
https://search.emarefa.net/detail/BIM-480166
American Medical Association (AMA)
Takahashi, Hiroshi. An Analysis of the Influence of Fundamental Values' Estimation Accuracy on Financial Markets. Journal of Probability and Statistics. 2010. Vol. 2010, no. 2010, pp.1-17.
https://search.emarefa.net/detail/BIM-480166
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-480166