An Empirical Research of Numerology on Stock Selection Strategy: An Example of the Nikkei 225 Index's Component Stocks

碩士 === 國立屏東科技大學 === 企業管理系所 === 102 === In the Study, four Chinese and a western numerologies were used upon stock selection strategy using Nikkei 225 Index's Component Stocks as sample during the period from January 4, 2000 to December 28, 2012. The adjusting monthly closing stock price were us...

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Bibliographic Details
Main Authors: Ke, Chia-Ying, 柯佳瑩
Other Authors: Chang, Kung-Hsiung
Format: Others
Language:zh-TW
Published: 2014
Online Access:http://ndltd.ncl.edu.tw/handle/trbd7k
Description
Summary:碩士 === 國立屏東科技大學 === 企業管理系所 === 102 === In the Study, four Chinese and a western numerologies were used upon stock selection strategy using Nikkei 225 Index's Component Stocks as sample during the period from January 4, 2000 to December 28, 2012. The adjusting monthly closing stock price were used as the sample data through the Rolling-Window Method, End monthly, quarterly, half yearly and yearly. All date are examined by Bagua School, Meihuayishu School, Digital Magnetic Field School , Shinjuku School and Number Future, sampling stocks were classified as good and bad group against numeric data, I further incorporated with the test analysis applied on the rate of return in monthly, quarterly, half yearly and yearly, to verify if separately classified good/bad group the rate of return was listed in the order of good/bad from high to low. The empirical results indicated that grouped stocks by Bagua School, Meihuayishu School, Digital Magnetic Field and Shinjuku School were not listed the order of good/bad from high to low.Only grouped stocks by Number Future was listed in the order of good/bad from high to low. The result showed that it is possible to serve number numerology as the referable base in the investment of selection strategy on Nikkei 225 Index's component stocks.