TITLE

SOM BASED STOCK INDEX PERFORMS BETTER THAN NSE-50 INDEX

AUTHOR(S)
Khan, Asif Ullah; Bandopadhyaya, T. K.; Sharma, Sudhir
PUB. DATE
August 2008
SOURCE
Estudios de Economía Aplicada;Aug2008, Vol. 26 Issue 2, p802
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
It is always a difficult task to select stocks that are suitable for a portfolio. The main aim of every investor is to earn maximum possible returns on investment. There are many criteria behind picking stocks like, price-earnings ratio, price book ratio, price sales ratio, price cash flow ratio, and market capitalization. The main issue with any approaches is the proper weighting of criteria to obtain a list of stocks that are suitable for a portfolio. This paper proposes an improved method for stock picking using self-organizing maps. The best of the portfolio constructed by self-organizing maps outperformed the NSE-50 Index by about 14.88% based on one and half month of stock data.
ACCESSION #
35128470

 

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