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| Dublin Core |
PKP Metadata Items |
Metadata for this Document |
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| 1. |
Title |
Title of document |
A Study on Stock Co-Movement’s Analysis of Select Bank and IT Company Stocks |
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| 2. |
Creator |
Author's name, affiliation, country |
Divya U; Assistant Professor Community Institute of Management Studies Bangalore University #2/1, 9th Cross, 9th Main, 2nd Block, Jayanagar Bangalore – 560011; India |
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| 2. |
Creator |
Author's name, affiliation, country |
Sunil M Rashinkar; Associate Professor Sindhi Institute of Management University of Mysore Kempapur, Hebbal Bangalore – 560024; India |
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| 2. |
Creator |
Author's name, affiliation, country |
Dr. Shiva Shankar K C; Assistant Professor Department of Studies and Research in Business Administration Tumkur University Tumkur – 572101; India |
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| 2. |
Creator |
Author's name, affiliation, country |
Veena Shenoy; Assistant Professor Krupanidhi School of Management Bangalore University Carmealaram Post Bangalore – 560035; India |
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| 3. |
Subject |
Discipline(s) |
Management |
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| 3. |
Subject |
Keyword(s) |
co movement, correlation, portfolio, return, risk. |
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| 4. |
Description |
Abstract |
The risk of a portfolio depends on the co- movement between the security returns forming the portfolio. The coefficient of correlation is an important measure for studying co movement between securities. Banking and IT company’s shares represent sizable share of market portfolio of common investors. In this perspective the present study has been undertaken to help small retail investors who commonly invest in these two major sectors to understand the co movement of returns among Banking and IT industry stocks. This study covers correlation co movement calculation between selected four Banking shares and four IT companies’ shares for a period from 16th June 2014 to 15th June 2015. The correlation between banking shares are more positive compared to correlation between IT company shares. This implies that the banking stocks return more or less move in the same direction. The correlation between Banking and IT Company stocks are either zero or negative which implies that these two sectors shares are not related or move in the opposite direction in terms of return. This implies that banking and IT industry shares are good combinations for portfolio construction which substantially reduces the risk of that particular portfolio. |
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| 5. |
Publisher |
Organizing agency, location |
IRA Academico Research |
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| 6. |
Contributor |
Sponsor(s) |
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| 7. |
Date |
(YYYY-MM-DD) |
2016-04-21
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| 8. |
Type |
Status & genre |
Peer-reviewed Article |
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| 8. |
Type |
Type |
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| 9. |
Format |
File format |
PDF |
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| 10. |
Identifier |
Uniform Resource Identifier |
https://research-advances.org/index.php/RAJMSS/article/view/98 |
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| 10. |
Identifier |
Digital Object Identifier |
http://dx.doi.org/10.21013/jmss.v3.n1.p2 |
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| 11. |
Source |
Title; vol., no. (year) |
IRA-International Journal of Management & Social Sciences (ISSN 2455-2267); Vol 3, No 1 (2016): April |
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| 12. |
Language |
English=en |
en |
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| 13. |
Relation |
Supp. Files |
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| 14. |
Coverage |
Geo-spatial location, chronological period, research sample (gender, age, etc.) |
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| 15. |
Rights |
Copyright and permissions |
Copyright (c) 2016 IRA-International Journal of Management & Social Sciences (ISSN 2455-2267)
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