DocumentCode
1858822
Title
Empirical Distributions of Personal Financial Product Returns of China
Author
Guo Shijin ; Wang Yanqing
Author_Institution
Dept. of Manage. of Sci. & Eng., East China Univ. of Sci. & Technol., Shanghai, China
fYear
2010
fDate
22-24 Jan. 2010
Firstpage
221
Lastpage
225
Abstract
We examine three distributions on the daily return data of China personal finance market. The empirical research shows return of China personal financial product displays excess kurtosis and skewness. Stable distribution is much better than asymmetric Laplace distribution in describing these statistical characteristics, especially for mixed products. Parameter values of location and scale is in different levels related to different product investment styles.
Keywords
investment; statistical distributions; China; daily return data; empirical distribution; personal financial product returns; product investment styles; statistical characteristics; Asset management; Conference management; Data security; Engineering management; Finance; Financial management; Investments; Stock markets; Technology management; Testing; Asymmetric Laplace Distribution; Personal Finance; Return Volatility; Stable Distribution;
fLanguage
English
Publisher
ieee
Conference_Titel
e-Education, e-Business, e-Management, and e-Learning, 2010. IC4E '10. International Conference on
Conference_Location
Sanya
Print_ISBN
978-1-4244-5680-2
Electronic_ISBN
978-1-4244-5681-9
Type
conf
DOI
10.1109/IC4E.2010.24
Filename
5432426
Link To Document