Title :
Notice of Retraction
A stock selection model based on analytic hierarchy process, factor analysis and TOPSIS
Author :
Ming Guo ; Yuan-Biao Zhang
Author_Institution :
Math. Modeling Innovative Practice Base, Jinan Univ., Zhuhai, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Whether institutional investors or individual investors need to select valuable stocks form stock markets. In this paper, analytic hierarchy process(APH) is utilized to build a comprehensive industry evaluation system by considering various factors that affect the industry. Then we combine factor analysis and technique of order preference by similarity to ideal solution(TOPSIS) to evaluate companies in the determined industry based on fundamental financial indexes. Investors can choose the companies with evaluation values in the top α % to invest. At last we apply our model to Chinese stock market and the experiment receives 75% average excess returns in 2006.
Keywords :
decision making; economic indicators; stock markets; Chinese stock market; TOPSIS; analytic hierarchy process; factor analysis; financial indexes; industry evaluation system; institutional investors; stock selection model; technique of order preference by similarity to ideal solution; Companies; Computational modeling; TOPSIS; analytic hierarchy process; factor analysis; stock selection;
Conference_Titel :
Computer and Communication Technologies in Agriculture Engineering (CCTAE), 2010 International Conference On
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-6944-4
DOI :
10.1109/CCTAE.2010.5545029
