Stock picker - principal components analysis

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PickStock uses principal components analysis to predict fair stock prices

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Stock picker - principal components analysis
PickStock 1.7 by Bell Software and Services, Inc.
License: Demo
Popularity:
1.9% popularity: PickStock
PickStock scanned and found to be virus free

Publisher's description

PickStock (copyright 2003, Bell Software and Services, Inc.) uses principal components analysis to search out potentially underpriced stocks by analyzing a user-supplied database of historical stock prices. The program is believed to be an implementation of what is known in the financial market modeling community as 'arbitrage pricing theory' (see for example S. Ross, 'The arbitrage theory of capital asset pricing', J. Economic Theory, vol. 13, pp. 341-360, 1976). The theory postulates that a given vector of prices (for example, today's price for a set of stocks) can be explained by a linear combination of underlying economic components. While there is apparently substantial debate in the economic community as to the viability of the arbitrage pricing theory, this application provides a tool to test it out on real data.
Who can best make use of this application:
It is hoped that any user who can download stock price data into MetaStock text format will find PickStock sufficiently easy to use. Facility in handling text files and importing them into spreadsheets is also a plus. Economists and stock analysts may be able to utilize the program along with a more traditional analysis of economic fundamentals. Scientists, engineers, and students may even be able to tap into the powerful principal components analysis engine that PickStock incorporates by replacing closing prices with arbitrary data (ie. a given 'date' can be associated with one experiment having outputs for each of the 'tickers' with the output values corresponding to the ticker being in the 'close' field).




Size: 2.84MB
Cost: $49.00


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Platform: Win95,Win98,WinME,WinNT 3.x,WinNT 4.x,WinXP,Windows2000
License: Demo
Category: Other
Date Added: Oct 29, 2006
Last check for an update: Nov 30, 2016
Last version date: Jan 06, 2005
Downloads Total : 2
Downloads last 10 Days: None
Page Visit: 84
Malware Status: Clean
Scan Date: Apr 17, 2008

Link to PickStock sample code
PickStock uses principal components analysis to predict fair stock prices




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