Chosen Applications of Vector Calculus for Capital Market

• Autorzy: Jerzy Nowakowski , Krzysztof Borowski
• Języki publikacji: EN

Abstrakty

EN

The cycle theory is usually presented in financial literature as a sum of certain sinusoidal waves. In order to calculate a rate of return for an investment portfolio composed of several assets, prices of which are characterised by cyclic fluctuations, it is necessary to use a specialised tool. Fortunately, such system has already been developed by physics, where many variables are represented by vectors. In case of an investment at the capital market, direction of a vector indicates the middle point identified as an arithmetical mean between the highest and the lowest prices during a particular session. A closing price is usually adopted as the basis for calculations. The vector's size (amplitude) represents the distance between the local peak or bottom and the zero line in the current investment cycle. A particular vector of a set amplitude, rotating around its starting point, is known as a phasor.(fragment of text)

Słowa kluczowe

EN

Capital market; Investment portfolio; Econometric analysis; Econometrics

PL

Rynek kapitałowy; Portfel inwestycyjny; Analiza ekonometryczna; Ekonometria

• Czasopismo: Studia i Prace Kolegium Zarządzania i Finansów / Szkoła Główna Handlowa
• Rocznik: 2003
• Numer: z. 33
• Strony: 9--20

Twórcy

autor

Jerzy Nowakowski

• Warsaw School of Economics, Poland

autor

Krzysztof Borowski

• Warsaw School of Economics, Poland

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