Technique to Choose Best Portfolio on The Basis of Companies’ Performance
Keywords:
CAPM Beta, Jensen’s Alpha, Portfolio investment, Risk coefficient.Abstract
The construction of portfolios on the basis of CAPM beta becomes difficult if Capital Asset Pricing Model (CAPM) fails to
explain returns. A test of CAPM on Karachi Stocks Exchange (KSE) shows a negative linear relationship between stocks beta
and its returns for the period July 2007 to June 2013 and no relationship for July 2010 to June 2013.
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Published
27-09-2023
How to Cite
Javaid Iqbal Faqir Muhammad, Ph.D, Fazal Husain, Ph.D. (2023). Technique to Choose Best Portfolio on The Basis of Companies’ Performance. JSSH, 22(1). Retrieved from https://ojs.aiou.edu.pk/index.php/jssh/article/view/1569
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