The Establishment and Applied Research of Mutual Fund Decision Support System on Internet
| Autor: | Jei Ming Chiu, 邱瑞銘 |
|---|---|
| Rok vydání: | 1999 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 87 Recently, Information technology is in high-speed growth, especially on Internet. It supports the on-line help to investors. So our study wish to provide various strategies via Internet to satisfy different kinds of investments. We combine the financial and information knowledge to construct a Mutual Fund Decision Support System on Internet. Especially, we will use three various strategies and seven investment decision rules, which including Growth, Revenue, Stochastic, and First-degree Stochastic Dominance with (or without) Riskless Assets Rules (FSDR and FSD), Second-degree Stochastic Dominance with (or without) Riskless Assets Rules (SSDR and SSD), Mean-variance (MV), Mean-Gini (MG) and Mean-Extended Gini (EMG). In our results, the First-degree Stochastic Dominance rule''s ability of investment portfolio selection is not shown to have a good reference result to investors. Stochastic Dominance rule and Mean-variance rule show better result than First-degree Stochastic Dominance rule but there is not much difference between them. Further more, the Mean-Gini and Mean-Extended Gini rule are shown to have a best result. We use three mutual fund performance indexes. The result shows that the order of Treynor and Jensen index value in performance measurement have shown to be almost the same, but have a little different result from Sharpe''s order. We also try to find best investment portfolio strategies based on seven investment decision rules and compare it with the weight-stock-index in order to show effective information of our system. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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