Optimum Speculative Portfolio For Small Investors
| dc.contributor.author | Lee Nai, Lim | |
| dc.date.accessioned | 2018-10-02T09:22:47Z | |
| dc.date.available | 2018-10-02T09:22:47Z | |
| dc.date.issued | 1994-06 | |
| dc.description.abstract | The main purpose of this study is to empirically determine the optimum portfolio from the 25 speculative stocks in Kuala Lumpur Stock Exchange (KLSE) for small investors. There are four optimum portfoli.os in this research report: .. (a) An optimum portfolio for 1987 to 1993; (b) An optimum portfolio for the first half per~od of January 1987 to July 1990; (c) An optimum portfolio for the second half period of August 1990 to December 1993; and (d) a future optimum portfolio based on the estimated future Beta that was derived from the past two equal-half periods' Betas. Sharpe's Single Index Model has been used to construct and identify the optimum portfolios. Optimum portfolios h~ve been worked out both for the market as well as for the investors, who may lend or borrow ~rying amounts .. The finding of the study is that the stocks in the optimum portfolios have not been so popular among the investors in Malaysia. Evidence shows that the returns from the optimum portfolios for the first half period and the second half period are higher than those for the period as a whole. Evidence also shows that the inclusion of the dividend in calculating the stock return has some impact on the portfolio return and risk despite the fact that the speculative stocks pay a small dividend only. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/6649 | |
| dc.subject | Optimum Speculative Portfolio | en_US |
| dc.subject | For Small Investors | en_US |
| dc.title | Optimum Speculative Portfolio For Small Investors | en_US |
| dc.type | Thesis | en_US |
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