Warianty tytułu
Języki publikacji
Abstrakty
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)
Rocznik
Numer
Strony
9--20
Opis fizyczny
Twórcy
autor
- Warsaw School of Economics, Poland
autor
- Warsaw School of Economics, Poland
Bibliografia
- Bartkowiak R., Electric Circuit Analysis, Harper & Row, New York 1985.
- Bell D., Fundamentals of Electric Circuits, Reston Publ. Co., Reston, Virginia 1981.
- Bernstein J., Cykle giełdowe, WIG-Press, Warsaw 1996.
- Borowski K., Nowakowski J., Wykorzystanie ciągów liczbowych w analizie technicznej, "Studia i Prace Kolegium Zarządzania i Finansów", Zeszyt naukowy No. 20, SGH, Warsaw 2001.
- Davis H., Introduction to Vector Analysis, Allyn and Bacon, Boston 1987.
- Ehlers J., Adaptive Trend and Oscillators, "Technical Analysis of Stock & Commodities", Vol. 18, No. 5, May 2000.
- Ehlers J., Squelch Those Whipsaws, "Technical Analysis of Stock & Commodities", Vol. 18, No. 9, September 2000.
- Ehlers J., Traders Tips, "Technical Analysis of Stock & Commodities", Vol. 18, No. 11, November 2000.
- Ehlers J., Phasor Displays, "Technical Analysis of Stock & Commodities", Vol. 18, No. 12, December 2000.
- Hsu H., Applied Vector Analysis, Harcourt, Brace Jovanovich, San Diego 1984.
- Jones K., Portfolio Management, McGraw-Hill Book, London 1992.
- Martin D., Complex Number, Olivier and Boyd, Edinburgh and London 1968.
- Wolstenhołme E., Elementary Vectors, Pergamon Press, Oxford 1978.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171210597