Testing APT Model upon a BVB Stocks’ Portfolio
Applying the Arbitrage Pricing Theory model (APT), there can be identified the major factors of influence for a BVB’ portfolio stocks' trend. There were taken into consideration two of the APT theory models, establishing influences upon portfolio's yield: given to macroeconomic environment...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Inforec Association
2011-01-01
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| Series: | Informatică economică |
| Subjects: | |
| Online Access: | http://www.revistaie.ase.ro/content/60/07%20-%20Bontas,%20Odagescu.pdf |
| _version_ | 1818890624094437376 |
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| author | Alexandra BONTAŞ Ioan ODAGESCU |
| author_facet | Alexandra BONTAŞ Ioan ODAGESCU |
| author_sort | Alexandra BONTAŞ |
| collection | DOAJ |
| description | Applying the Arbitrage Pricing Theory model (APT), there can be identified the major factors of influence for a BVB’ portfolio stocks' trend. There were taken into consideration two of the APT theory models, establishing influences upon portfolio's yield: given to macroeconomic environment and to some stochastic factors. The researchs results certify that, on the long term, what influences the stocks’ movement in the stock market is mostly the action of specific short-term factors, without general covering, like the ones that are classified in the research area of behavioral finance (investors’ preference towards risk and towards time). |
| first_indexed | 2024-12-19T17:27:52Z |
| format | Article |
| id | doaj.art-661639e61b8f4a2a88e024bca501f151 |
| institution | Directory Open Access Journal |
| issn | 1453-1305 1842-8088 |
| language | English |
| last_indexed | 2024-12-19T17:27:52Z |
| publishDate | 2011-01-01 |
| publisher | Inforec Association |
| record_format | Article |
| series | Informatică economică |
| spelling | doaj.art-661639e61b8f4a2a88e024bca501f1512022-12-21T20:12:31ZengInforec AssociationInformatică economică1453-13051842-80882011-01-0115496109Testing APT Model upon a BVB Stocks’ PortfolioAlexandra BONTAŞIoan ODAGESCUApplying the Arbitrage Pricing Theory model (APT), there can be identified the major factors of influence for a BVB’ portfolio stocks' trend. There were taken into consideration two of the APT theory models, establishing influences upon portfolio's yield: given to macroeconomic environment and to some stochastic factors. The researchs results certify that, on the long term, what influences the stocks’ movement in the stock market is mostly the action of specific short-term factors, without general covering, like the ones that are classified in the research area of behavioral finance (investors’ preference towards risk and towards time).http://www.revistaie.ase.ro/content/60/07%20-%20Bontas,%20Odagescu.pdfPortfolioRiskStocksYieldTesting |
| spellingShingle | Alexandra BONTAŞ Ioan ODAGESCU Testing APT Model upon a BVB Stocks’ Portfolio Informatică economică Portfolio Risk Stocks Yield Testing |
| title | Testing APT Model upon a BVB Stocks’ Portfolio |
| title_full | Testing APT Model upon a BVB Stocks’ Portfolio |
| title_fullStr | Testing APT Model upon a BVB Stocks’ Portfolio |
| title_full_unstemmed | Testing APT Model upon a BVB Stocks’ Portfolio |
| title_short | Testing APT Model upon a BVB Stocks’ Portfolio |
| title_sort | testing apt model upon a bvb stocks portfolio |
| topic | Portfolio Risk Stocks Yield Testing |
| url | http://www.revistaie.ase.ro/content/60/07%20-%20Bontas,%20Odagescu.pdf |
| work_keys_str_mv | AT alexandrabontas testingaptmodeluponabvbstocksportfolio AT ioanodagescu testingaptmodeluponabvbstocksportfolio |