2021
DOI: 10.1002/isaf.1484
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Impact of corporate performance on stock price predictions in the UAE markets: Neuro‐fuzzy model

Abstract: Predicting stock price remains one of the challenges for investors' investment strategies. This study helps with accurate prediction and the main factors affecting variations in stock prices. It applies an adaptive neuro-fuzzy model on 58 listed firms from both the Abu Dhabi Securities Exchange and the Dubai Financial Market for the period 2014-2018 to estimate the predictive power of corporate performance measures and their significance. After examining four performance predictors-return on asset (ROA), retur… Show more

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Cited by 16 publications
(19 citation statements)
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References 53 publications
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“…Supposedly, the higher the profit generated by the company is a signal that the company's performance is getting better so that it will encourage an increase in stock prices. The results of this study are in line with the findings (Abdulmannan & Faturohman, 2015;Febrianti, 2018 andRusdiyanto et al, 2020), however, contradicts research (Bayu and Sumantri, 2020;Begawati, 2017;Herawati and Putra, 2018;Mohamed et al, 2021), where the ROA variable has a significant positive effect.…”
Section: Effect Of Roa and Roe On Stock Pricessupporting
confidence: 88%
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“…Supposedly, the higher the profit generated by the company is a signal that the company's performance is getting better so that it will encourage an increase in stock prices. The results of this study are in line with the findings (Abdulmannan & Faturohman, 2015;Febrianti, 2018 andRusdiyanto et al, 2020), however, contradicts research (Bayu and Sumantri, 2020;Begawati, 2017;Herawati and Putra, 2018;Mohamed et al, 2021), where the ROA variable has a significant positive effect.…”
Section: Effect Of Roa and Roe On Stock Pricessupporting
confidence: 88%
“…The same argument for why ROA does not affect stock prices also applies to ROE, although the results of this study are not in line with several other studies by (Arkan, 2016;Bayu & Sumantri, 2020;Febrianti, 2018;Mohamed et al, 2021), but supports previous studies by (Abdulmannan & Faturohman, 2015;Ramdhani & Maulidyati Aisyah, 2018;Utami et al, 2018).…”
Section: 1contrasting
confidence: 51%
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“…1 and 2 above shown the PBV value of the toll road, airport, and similar sub-sector companies in ISE tends to decline and only increased in 2017 for several companies. ROE shows the value of profitability for ordinary shareholders as an indicator of company performance (Mohamed, Ahmed, Mehdi, & Hussain, 2021;Owusu & Alhassan, 2021). In addition, ROE is also a reflection of the company in generating high returns to shareholders, which in turn will have an impact on company's value.…”
Section: Introductionmentioning
confidence: 99%