Information Noise in the Stock Market and Profitability of the Financial Asset

Nikolai Stoichev

Economic Studies journal, 2002, issue 2, 88-115

Abstract: In the study is introduced the noise as a new factor of profitability and it expands the range of instruments and methods of analysis. The reporting more factors of the profitability aims at receiving more reliable evaluation of the sensibility, which suggests more reliable base for choice of corporate shares for the investment portfolio. The use of the degree to which the profitability of the corporate share is influenced by the noise impact of the stick market is a new and significant sign for selection of assets, which presents a favorable starting position for forecasting of the future income from the asset.

JEL-codes: G14 G28 (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2002:i:2:p:88-115

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