- Library Home /
- Search Collections /
- Open Collections /
- Browse Collections /
- UBC Theses and Dissertations /
- A study of the daily price changes of selected stocks...
Open Collections
UBC Theses and Dissertations
UBC Theses and Dissertations
A study of the daily price changes of selected stocks listed on the Toronto Stock Exchange Hill, S. R.
Abstract
The purpose of this thesis was to investigate the underlying process generating stock prices in the Canadian stock market. The hypothesis that daily price changes of stocks listed on the Toronto Stock Exchange are independent could not be rejected. The distribution of daily stock price changes were found to be significantly non-normal. These results led to the conclusion that the price-generating process in the Canadian stock market can be represented, in the short-run, by a random walk model in which price changes are independently drawn from a non-normal distribution which is possibly a stable Paretian.
Item Metadata
Title |
A study of the daily price changes of selected stocks listed on the Toronto Stock Exchange
|
Creator | |
Publisher |
University of British Columbia
|
Date Issued |
1968
|
Description |
The purpose of this thesis was to investigate the underlying process generating stock prices in the Canadian stock market. The hypothesis that daily price changes of stocks listed on the Toronto Stock Exchange are independent could not be rejected. The distribution of daily stock price changes were found to be significantly non-normal. These results led to the conclusion that the price-generating process in the Canadian stock market can be represented, in the short-run, by a random walk model in which price changes are independently drawn from a non-normal distribution which is possibly a stable Paretian.
|
Genre | |
Type | |
Language |
eng
|
Date Available |
2011-06-29
|
Provider |
Vancouver : University of British Columbia Library
|
Rights |
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.
|
DOI |
10.14288/1.0102367
|
URI | |
Degree | |
Program | |
Affiliation | |
Degree Grantor |
University of British Columbia
|
Campus | |
Scholarly Level |
Graduate
|
Aggregated Source Repository |
DSpace
|
Item Media
Item Citations and Data
Rights
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.