Market and companies confidence index and their relation with stock return
This paper analyzes the relationship between market confidence and stock return.In addition, it also aims to analyze the relationship between company’s confidence and stock return. Based on principal component analysis (factor analysis), a confidence index will be developed for the Kuala Lumpur stoc...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Othman Yeop Abdullah (OYA) Graduate School of Business, Universiti Utara Malaysia
2010
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/11859/1/10.pdf http://repo.uum.edu.my/11859/ http://www.oyagsb.uum.edu.my/index.php/about-ipbj |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |
| Summary: | This paper analyzes the relationship between market confidence and stock return.In addition, it also aims to analyze the relationship between company’s confidence and stock return. Based on principal component analysis (factor analysis), a confidence index will be developed for the Kuala Lumpur stock exchange with data from 2000 to 2010. The sample consisted of companies listed
on Kuala Lumpur stock exchange which will be grouped into quartiles, each representing a portfolio.Next, the average return of each portfolio for every quarter is going to be calculated.Finally, the results will indicate a significant and negative or positive relationship between the market as well as company’s confidence index and the stock return. |
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