Informatologia, Vol. 42 No. 3, 2009.
Izvorni znanstveni članak
EVALUATION OF BENFORD’S LOW APPLICATION IN STOCK PRICES AND STOCK TURNOVER
Krakar Zdravko
; Fakultet organizacije i informatike, Sveučilište u Zagrebu, Varaždin, Hrvatska
Mario Žgela
; Hrvatska narodna banka, Zagreb, Hrvatska
Sažetak
Application of Benford's Law in the field of financial analysis is very rarely covered. In this paper it is researched possibility of usage of this law in analysis of stock prices and stock turnover in Zagreb stock exchange. On the basis of online available and public data, sets of input numbers are prepared. These sets are checked against Benford's Law. Results show that sets partially fit to this law. Stock turnover data conforms to Benford's Law, while daily closing stock prices do not. Probably, psychological factors significantly influence daily closing stock prices, so these values do not conform to Benford's distribution.
Ključne riječi
Benford's Law; stock exchange; stock price; stock turnover; deviation measure
Hrčak ID:
41108
URI
Datum izdavanja:
23.9.2009.
Posjeta: 3.081 *