SearchAnySoft.com - PickStock 1.7

PickStock (copyright 2003, Bell Software and Services, Inc.) uses principal components analysis to explore out potentially underpriced stocks by analyzing a user-supplied database of historical line prices. The programme is believed to be an implementation of what is known in the financial market modeling community as 'arbitrage pricing theory' (figure for instance 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 instance, today's price for a adjust of stocks) backside be explained by a linear combination of underlying economic components. While there is plainly substantial moot in the economic community as to the viability of the arbitrage pricing theory, this application provides a prick to try it out on tangible data. Who backside outdo make employ of this application: It is hoped that any user who backside download line price data into MetaStock text format will find PickStock sufficiently easy to employ. Facility in handling text files and importing them into spreadsheets is also a plus. Economists and line analysts may be able to utilize the programme along with a more traditional analysis of economic fundamentals. Scientists, engineers, and students may even be able to wiretap into the powerful principal components analysis engine that PickStock incorporates by replacing closing prices with arbitrary data (ie. a given 'date' backside be associated with one experiment having outputs for each of the 'tickers' with the output values corresponding to the ticker being in the 'tight' theatre).