THE PRACTICAL MODEL FOR ESTIMATING STOCK PERFORMANCE ON THE STOCK EXCHANGE OF THAILAND USING THE LOGISTIC REGRESSION ANALYSIS
Keywords:
Stock Performance, Capital Gain, Financial Ratio, Logistic Regression and market CapabilityAbstract
Investors should have the ability to identify the main factors which can affect the stock performance for making investmentdecisions with easy method for high accuracy. The purpose of this study is to find practical models with financial factors to estimate stock performance of Thai company listed on the stock exchange of Thailand under environmental changes. The population is represented by companies listed on the stock exchange of Thailand during 2016-2017 total of 668 companies. Using logistic regression analysis (LRA). The research results found that the stock performance was measured by the percentage difference between value capital gain yield and Beta. There are 4 situation models were predicted the stock performance accurately 91.5-98.7%. The 1st situation model was highest accuracy rate. 4 models of the stock performance were received the positive influence from trading valuefactor, on the other handthey received the negative influence from market value, return on assets and free float rate at 0.10 significant level.
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