PickStock 1.7
PickStock uses principal components analysis to search out potentially underpriced stocks by analyzing a user-supplied database of historical stock prices.
|
PickStock uses principal components analysis to search out potentially underpriced stocks by analyzing a user-supplied database of historical stock prices.
The program is believed to be an implementation of what is known in the financial market modeling community as 'arbitrage pricing theory' (see for example S. Ross, 'The arbitrage theory of capital asset pricing', J. Economic Theory, vol. 13, pp. 341-360, 1976).
The theory postulates that a given vector of prices (for example, today's price for a set of stocks) can be explained by a linear combination of underlying economic components.
While there is apparently substantial debate in the economic community as to the viability of the arbitrage pricing theory, this application provides a tool to test it out on real data.
Who can best make use of this application: It is hoped that any user who can download stock price data into MetaStock text format will find PickStock sufficiently easy to use.
Facility in handling text files and importing them into spreadsheets is also a plus. Economists and stock analysts may be able to utilize the program along with a more traditional analysis of economic fundamentals.
Scientists, engineers, and students may even be able to tap into the powerful principal components analysis engine that PickStock incorporates by replacing closing prices with arbitrary data (ie. a given 'date' can be associated with one experiment having outputs for each of the 'tickers' with the output values corresponding to the ticker being in the 'close' field).
tags the arbitrage this application who can for example pricing theory components analysis the program arbitrage pricing principal components
Download PickStock 1.7
Purchase: Buy PickStock 1.7
Similar software
PickStock 1.7
Bell Software and Services, In
PickStock uses principal components analysis to search out potentially underpriced stocks by analyzing a user-supplied database of historical stock prices.
Sharepricer 2.2
Q5 Software
Sharepricer is an easy-to-use, but flexible stock analysis tool.
Refined Elliot Trader 1.0.9
Elliottician
RET Trader is the worlds most advanced forecasting technology for financial markets which provides forecasts with statistical probabilities of price and time target completions to improve your trading performance.
HQuote Pro Historical Stock Prices Downloader 6.58
HQuotes.com
HQuote Pro Historical Stock Prices allows you to download free historical stock quotes and store historical stock prices in metastock format.
WebCab Portfolio (J2SE Edition) 5.0
WebCab Components
Apply the Markowitz Theory and Capital Asset Pricing Model (CAPM) to analyze and construct the optimal portfolio with/without asset weight constraints with respect to Markowitz Theory by giving the risk, return or investors utility function; or with respect to CAPM by given the risk, return or Market Portfolio weighting.
QuoteLogger 1.05
QuoteLogger.com
Quotelogger is an invaluable tool for online traders to download stock market prices from the major stock exchanges.
Talking Stocks 3.0
4Developers LLC
Talking Stocks will retrieve real-time stock quotes from the Internet, then broadcasts them using a talking character that has a clear, human-like voice.
Stock Quotes Pro 1.55
Ashkon Software L.L.C.
Stock Quotes Pro is an application which instantly downloads end-of-day historical prices of stocks, indices and mutual funds publicly traded in US, Canada and international markets.
Indicator Analysis 1.0
Indicator Analysis
Indicator Analysis is a FREE tool that allows stock analyzers to download mass, historical, stock data and perform technical analysis on it.
Tomorrow’s Prices 3.1
Sherwood Systems Group and Chemcept Ltd.
Tomorrow’s Prices is built for Internet day traders to use as a tool to predict stock market, forex and futures contract prices.