Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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Stock Price Factors Research and Classification

Authors
Zichun Hu1, Wenjie Wang2, *
1Beijing Normal University-Hong Kong Baptist University, United International College, Zhuhai, China
2University of Rochester, School of Mathematics, Rochester, USA
*Corresponding author. Email: wwang96@u.rochester.edu
Corresponding Author
Wenjie Wang
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_61How to use a DOI?
Keywords
stock price; factor analysis; cluster analysis
Abstract

Nowadays, to enter the stock market, company selection (fundamental analysis) and evaluation based on stock price (technical analysis) are significant parts of the preparation for a rational investor. Since there are multiple ways to dothe stock analysis and stochastic elements in stock investment, none of these measures can be universally acknowledged infallible, but the result still can be a reference for investors. In this paper, 60 stocks are randomly picked from theAmerican stock market and factor analysis is used to transform the 8 indicator variables of each stock chosen from Wind into 3 factors. Then by using the 3 factors of each stock, this paper figures out the score of each stock and rank the 60stocks from the highest score to the lowest. Finally, this paper uses the cluster analysis to classify the stocks into 4 categories. The result of the score of each stock and the 4 categories of stocks can be a reference for investors.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-042-8_61
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_61How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zichun Hu
AU  - Wenjie Wang
PY  - 2022
DA  - 2022/12/29
TI  - Stock Price Factors Research and Classification
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 420
EP  - 425
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_61
DO  - 10.2991/978-94-6463-042-8_61
ID  - Hu2022
ER  -