Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Can Portfolio Investment Outperform Individual Stocks in Internet Content and Information Industry in Hong Kong Stock Market?

Authors
Chuyun Zou1, *
1Carey Business School, Johns Hopkins University, Baltimore, 21202, United States
Corresponding Author
Chuyun Zou
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.047How to use a DOI?
Keywords
Portfolio investment; Hong Kong stock market; the Internet industry
Abstract

The rapid growth of the internet industry makes the internet content information industry in the Hong Kong stock market a popular and appealing investment target. However, investing in this industry cannot guarantee an ideal outcome. This research tests the volatility of portfolios in the internet content and information industry. It obtains mean standard deviation and Sharpe ratio to evaluate the performance of portfolios in this industry. The result indicates that portfolio investment can provide better performance with short selling constraints than individual stocks do. Without short selling constraints, portfolio investment cannot provide a higher return but can still provide better outcomes with lower risk and a higher Sharpe ratio. This suggests that investors should always practice portfolio investment in the internet content and information industry in the Hong Kong stock market when short selling is available. When short selling is not available, risk-averse investors should always consider portfolio investment.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.047How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Chuyun Zou
PY  - 2022
DA  - 2022/03/26
TI  - Can Portfolio Investment Outperform Individual Stocks in Internet Content and Information Industry in Hong Kong Stock Market?
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 296
EP  - 304
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.047
DO  - https://doi.org/10.2991/aebmr.k.220307.047
ID  - Zou2022
ER  -