The Asset Pricing System

Yu, Yi-Jang

doi:10.4236/me.2012.35062

Cited by 8 publications

(24 citation statements)

References 25 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Because both  and E are heterogeneous products, the easiest way to merge them is to apply division (Yu, 2012).…”

Section: Two-dimensional Rules Of Dominancementioning

confidence: 99%

“…Regarding stock investment, applicable knowledge for the various forms of historical, open, and private information defined in Fama (1976) must vary. For example, if company information and hence, fundamental analysis, is concerned, an asset pricing system must be applied (Yu, 2012). Therefore, because technical analysis can contribute short-term prediction capability, and the fundamental analysis can contribute long-term prediction capability, both methods should complement each other.…”

Section: Efficient Market Hypothesismentioning

confidence: 99%

See 1 more Smart Citation

Short-term Technical Predictive Ability in the Taipei Stock Market

2015

RWE

Self Cite

View full text Add to dashboard Cite

Based on the principle of supply and demand, the rules of marginal change, the hypothesis of log-normal distribution, and the two-dimensional rules of performance evaluation, an effective WINDEX can be created to determine the momentum behind the price or index movement. Accordingly, by using the Taipei stock market as an example, not only a simple bounded WINDEX approach can be practiced to generate significant performance for the sample stock, but also an early warning system can be effectively constructed in the market. The phenomenon of knowledge asymmetry is a natural outcome of professional cooperation. Constructing an appropriate WINDEX involves its own professional knowledge. It involves little regarding market efficiency in information and more regarding knowledge asymmetry. Once this type of professional knowledge begins to spill over, its effect must be marginally diminished." plane. The next task is merging both measures into the momentum of price movement, and this task must correspond to the method of evaluating stock performance. When changes in either E or  can be independent and possibly contradictive, a standard tool of evaluation must be applied to deliver a final conclusion. Two-dimensional Rules of DominanceBecause both  and E are heterogeneous products, the easiest way to merge them is to apply division (Yu, 2012).

show abstract

“…Because both  and E are heterogeneous products, the easiest way to merge them is to apply division (Yu, 2012).…”

Section: Two-dimensional Rules Of Dominancementioning

confidence: 99%

Section: Efficient Market Hypothesismentioning

confidence: 99%

Short-term Technical Predictive Ability in the Taipei Stock Market

2015

RWE

Self Cite

View full text Add to dashboard Cite

show abstract

“…For example, if the cause of bad performance is subjected to systematic effects, then responsibility can most likely be excused. Finally, Type I wages may be appraised by applying an equity pricing system, which can be a similar product of the asset pricing system proposed by Yu (2012).…”

Section: Wage Issuesmentioning

confidence: 99%

A More Practical Method for Explaining Supply

Yu¹

2013

RWE

Self Cite

View full text Add to dashboard Cite

To rewrite our economics textbooks, we must begin by describing more realistically what is occurring for a producer. Moreover, when uncertainty or risk is taught, the Markowitz portfolio theory must be referred to for association. This study shows that, by applying both elements of the expected rate of return on investment and portfolio theory, a vast range of supply issues, including several from accounting to management and production to economic development, can all be logically explained

show abstract

“…Total actual expenditures in each of these three categories can now be applied to preliminarily analyze the demand evolution of each category. Particularly for suppliers, after acquiring the information on all the change rates on the total actual expenditures for each category and their related standard deviations, the WINDEX suggested by Yu (2012) can be calculated directly. After comparing to the WINDEX of the whole market, the trend of WINDEX deviation for each category can be presented.…”

Section: Ethic and Demandmentioning

confidence: 99%

“…Because consumption behavior is of concern, locating the optimal practice of budget control must take an entirely different approach, one that is similar to the concept of short-sale in the financial market, and the result is the lower tangent point w in Figure 5. According to the WINDEX mentioned in Yu (2012), if financial investment is interested, then portfolio m can represent the most successful way to obtain more than the opportunity cost f r . However, if consumption behavior is interested, then portfolio w can represent the least possible way to let the budget exceed a growth rate of f r .…”

Section: Optimal Budget Control Practicementioning

confidence: 99%

A More Practical Method for Explaining Demand

2013

RWE

Self Cite

View full text Add to dashboard Cite

Demand analysis in general needs to deal with two fundamental elements: the first is the necessary identification of timing and special differences and the second is the necessary separation of ability and willingness in personal consumption behavior. Only by taking both considerations into account and adopting portfolio theory as the analytical framework and tool, can demand be realistically explained. As a consequence, this study demonstrates that numerous demand issues, including the designing of a national improvement indicator of economic life, can all be reasonably studied.Keywords: demand, portfolio theory, improvement indicator of economic life different types of time frame to study consumption behavior: (i) the very short-term, where personal preferences, disposable incomes and incomes are all assumed to be constant in order to reflect the very short-term stability of consumption habits and income proceeds; (ii) the short-term, where only personal preferences can be allowed to vary;(iii) the long-term, where both personal preferences and disposable incomes can be allowed to vary; and (iv) the very long-term, where personal preferences, disposable incomes and incomes can all be allowed to vary. (Note 1) Moreover, in this study, savings or dis-savings will be taken for the sole purpose of making current or future consumption.Uncertainty is a peripheral problem immediately arising from this framework. Although j d Y , can be predetermined as the personal consumption budget, expressing it as an uncertain j d Y , is still necessary if the meaning of personal expenditures is also assumed. Accordingly, all related analyses must be performed under type (iii) or (iv) time frame, because personal disposable incomes can typically be allowed to vary only in the long-term. Moreover, by assuming www.sciedu Published by

show abstract

The Asset Pricing System

Cited by 8 publications

References 25 publications

Short-term Technical Predictive Ability in the Taipei Stock Market

Short-term Technical Predictive Ability in the Taipei Stock Market

A More Practical Method for Explaining Supply

A More Practical Method for Explaining Demand

Contact Info

Product

Resources

About