An Associational Examination of the CaptialCube Effect Context for the MPV over the Linguistic Partitions: Testing Sensitivity & Specificity

Edward J. Lusk and Michael Halperin

Accounting and Finance Research, 2017, vol. 6, issue 2, 1

Abstract: In this third examination of the CapitalCubeÔ Market Navigation Platform [CCMNP] we have selected the previously vetted set of embedded variables- Market Performance Variables [MPV] for their Linguistic Qualifiers [LQ] considering their directional market effects or MPV[LQ[{Neutral- Unfavorable- Favorable}]]. In the testing, we are interested in the Sensitivity and the Specificity of these vetted variables over the annual S&P500 Panel from 2005 to 2013. The inference framework employed a Median Split- High or Low for each of the 13 MPV tested and a random selection to avoid the FPE-jeopardy that is part of the Chi2 testing model. We used the Tamhane & Dunlop cut-off to identify Chi2 cells effects of interest and used these to develop the Sensitivity and the Specificity tests. Results- We were able to reject the a priori Nulls proffered for the testing protocols indicating that one may reject the supposition that the labeling of the LQ is formed by random processes in the CCMNP.   Â

Date: 2017
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