Testing jumps for individual stock - Dissertation Example
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Literature review 1. BNS 2004 – 2006 a) Theoretical background In order not to require a fully observed state variable as is realized in Ait-Sahalia's approach in 2001, evidence is provided by Barndorff-Nielsen and Shephard (2004a, 2006) of the presence of jumps in higher frequency financial time series…
This academic proposal is being carried out to discover and establish whether the UK stock market is really efficient and to identify the trends in the UK stock market. From having a glimpse at the capital market from all over the world, UK capital market is one of diversified exchange marketplace that have come under consideration from the evaluation in the research.
Penetration Testing, which is commonly termed to as PenTest, refers to a process that is normally followed during the auditing or assessment of hardcore security. This methodology consists of a set of practices, rules, methods and procedures which are normally followed and later implemented in the process of auditing programs on any information security in an operating system environment.
Stock market efficiency. Efficiency in market means that there is absence of any systematic way to beat the market. The efficient market hypothesis states that the information about the value of the firm is fully reflected in the current stock prices. It also states that the firm will not be able to earn to excess profits i.e.
However, the recent financial crisis of 2007 has asked numerous questions of the traditional understanding of macro policy conduct. In particular the crisis revealed the necessity to re-examine the theoretical and empirical underpinnings of macro-policy. Thus, whether these announced goals of the Fed are appropriate warrants re-inspection.
The second stock market crisis occurred in 1987 which is referred to as ‘Black Monday’ which was considered as the biggest one-day crash in history of stock market. Another stock market crash triggered in 1990 and the main cause was the increase of oil prices around the world.
Basically, if the ADF statistic exceeds the critical value in each of the tests, then the null hypothesis of the unit root cannot be accepted. On the other hand, if the test statistic does not exceed the critical value, then the null hypothesis is accepted and the series is then said to be non-stationary (Dickey and Fuller, 1981).
To illustrate how a stock market operates and spreads the wealth in one country, let us say Company-A has been so successful in its manufacturing operations that all its goods sell as fast they are produced. The firm knows that it could sell even more products if it could get enough money to build another factory.
According to the report the gear test equipment is able to measure the hardness of the gear, wear, friction and other surface properties. By using a multiple function stand, fitted with suitable jigs and fixtures, the technician can be able to determine most of the gear properties including its physical dimensions such as the addendum and pitch circle radius among others.
The author states that financial market reforms were central to China’s commitment to the World Trade Organization, in which China became a member in 2001. Following China’s WTO membership, international investors gained easier access to the financial market. The Chinese government is trying to change the function of the two existing stock exchanges.
This study needs to address the hypothesis testing whether SET50 and SET100 Indexes follow the random walk or not. Level of the efficiency of Thailand stock exchange market is also determined for a period of four years. It also aims to investigate the impacts of external as well as internal factors on SET50 and SET100 Indexes.
62 pages (15000 words)Dissertation
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