[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
:: Volume 5, Issue 1 (modern theories of accounting,spring 2015,vol.5,no.1,ser.15 2015) ::
3 2015, 5(1): 21-38 Back to browse issues page
Predicting Stock Returns by Focusing on the Measures of Trading Volume of the Companies Accepted in Tehran Stock Exchange
Shahrokh Sheidaee, Mohammad Hossein Fatheh, Mahdi Sharafi
Abstract:   (766 Views)
 
The present study examines the relationship between stock returns and trading volume in Tehran Stock Exchange. In so doing, the daily data of the companies listed in Tehran Stock Exchange of a period of 7 years were used (from March 2006 to April 2012). This study focuses on the ability of predicting stock returns by the measures of trading volume. The SPSS software, and the minimum standard deviation of the average square of variables (probit analysis) were employed and the results indicate that the measures of volume (trading volume, delayed volume, volume change, and delayed volume change) are not appropriate to predict the stock returns of any of the companies. Also, the estimated model of the study for different industries reveal that the measures of volume cannot be used to predict stock returns and the only exception is the non-essential consumer goods industry.
Keywords: Stock Returns, trading volume, delayed volume, Predicting Stock Returns.
Full-Text [PDF 1205 kb]   (1 Downloads)    
Type of Study: Research | Subject: General
Received: 2020/09/29 | Accepted: 2015/03/21 | Published: 2015/03/21
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Sheidaee S, Fatheh M H, Sharafi M. Predicting Stock Returns by Focusing on the Measures of Trading Volume of the Companies Accepted in Tehran Stock Exchange. 3. 2015; 5 (1) :21-38
URL: http://mta.raja.ac.ir/article-1-139-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 5, Issue 1 (modern theories of accounting,spring 2015,vol.5,no.1,ser.15 2015) Back to browse issues page
فصلنامه نظریه های نوین حسابداری فصلنامه نظریه های نوین حسابداری
Persian site map - English site map - Created in 0.06 seconds with 30 queries by YEKTAWEB 4414