Title :
SOM and Technical Indicators Based Hybrid Model Gives Better Returns on Investments as Compared to BSE-30 Index
Author :
Khan, Asif Ullah ; Bandopadhyaya, T.K. ; Sharma, Sudhir
Author_Institution :
Dept. of Comput. Sc. & Eng., All Saints Coll. of Technol., Bhopal, India
Abstract :
Selection of stocks that are suitable for investment is a complex task. The main aim of every investor is to earn maximum possible returns on investments. There are many conventional techniques being used and these include technical and fundamental analysis. The main issue with any approach is the proper weighting of criteria to obtain a list of stocks that are suitable for investments. This paper proposes an improved method for stock picking using self-organizing maps and technical analysis. The stock selected using this method outperformed the BSE-30 Index by about 28.41% based on one month of stock data.
Keywords :
investment; self-organising feature maps; stock markets; BSE-30 index; returns on investments; self-organizing map; stock picking; stock selection; technical analysis; Cost accounting; Data analysis; Data mining; Economic forecasting; Educational institutions; Environmental economics; Investments; Performance analysis; Self organizing feature maps; Stock markets; Fundamental Analysis; Neural Network; Self-Organizing Map (SOM); Stocks Classification; Technical Analysis;
Conference_Titel :
Knowledge Discovery and Data Mining, 2010. WKDD '10. Third International Conference on
Conference_Location :
Phuket
Print_ISBN :
978-1-4244-5397-9
Electronic_ISBN :
978-1-4244-5398-6
DOI :
10.1109/WKDD.2010.20
