Paper Information

Journal:   FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT)   winter 2019 , Volume 9 , Number 37 #l00570; Page(s) 67 To 87.
 
Paper: 

Analyzing the CANSLIM model and Fama and Ferench model in selecting stocks in listed companies in the Tehran Stock Exchange

 
 
Author(s):  BASHIR KHODAPARASTI RAMIN, Saba Mina
 
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Abstract: 
Ensuring return of shares is one of the most important discussions on financial markets. In this research, the performance of the five factors Fama and Ferench model and the CANSLIM model in the pearl market selection in Tehran Exchange Market is analyzed. The necessary data are given by 105 companies active on the stock market during 2009-2015. To this end, in first step all variables such as premium market risk, profitability risk, value, profit and investment are calculated and in the second step according to the above variables, companies divided in two categories, and thirdly we made a 2*2*2*2 portfolio conform monthly returns of each factor of size, market, value, profitability and investment. Also in CANSLIM model after calculating the seven factors, all data’ s in Excel software were classified as zero and one. finally, for data analysis e-views and stata software were used. The result shows that there are significant differences between the two models in the stocks with higher returns, and the five-factor Fama-Ferench model has more power in explaining the stocks return than the CANSLIM model.
 
Keyword(s): Stoke return,five-factor Fama-Ferench model,CANSLIM model
 
References: 
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