PickStock download - PickStock uses principal components analysis to predict fair stock prices

PickStock (copyright 2003, Bell Software and Services, Inc.) uses principal components analysis to search out potentially underpriced stocks by analyzing a user-supplied database of historical stock prices. The program is believed to be an implementation of what is known in the financial market modeling community as 'arbitrage pricing theory' (see for example 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 example, today's price for a set of stocks) can be explained by a linear combination of underlying economic components. While there is apparently substantial debate in the economic community as to the viability of the arbitrage pricing theory, this application provides a tool to test it out on real data. Who can best make use of this application: It is hoped that any user who can download stock price data into MetaStock text format will find PickStock sufficiently easy to use. Facility in handling text files and importing them into spreadsheets is also a plus. Economists and stock analysts may be able to utilize the program along with a more traditional analysis of economic fundamentals. Scientists, engineers, and students may even be able to tap into the powerful principal components analysis engine that PickStock incorporates by replacing closing prices with arbitrary data (ie. a given 'date' can be associated with one experiment having outputs for each of the 'tickers' with the output values corresponding to the ticker being in the 'close' field).

RECOMMENDED TOOLS

» principal components analysis » principal component analysis » stock analysis » stock picker » stocks » arbitrage pricing theory » ARPACK

Release RAM Pro 2.05     
Make Your Computer Faster, RAM More Efficient, and Reduce Window Crashes
Price: 15$, Rating: 4, Downloads: 1187

QuickLaunch 2.5     
Quick access files, folder, webpages,manage startup services,automate tasks
Price: 14.95$, Rating: 4.5, Downloads: 1187

DTweak 2.9     
DTweak is a complex tweaker and optimizing tool especialy designed for Vista
Price: 26.95$, Rating: 8.5, Downloads: 1185

RamCleaner 7.0.3     
Recover wasted RAM, prevent crashes and maximize the performance of your PC.
Price: 29.95$, Rating: 10, Downloads: 1184

DLL Show 2000 5.5     
List DLL dependencies for all running processes.
Price: 19.95$, Rating: 7, Downloads: 1183

WinTasks 5.0     
arsenal of heavy duty tools putting you in full control of your computer.
Price: 37.95$, Rating: 3.5, Downloads: 1182

Active Data CD/DVD Burner 2.0.3     
Burn files and folders onto CD-R, DVD-R, DVD+R, CD-RW, DVD-RW and DL DVD+RW.
Price: 34.95$, Rating: 8, Downloads: 1180

Local Cooling 1     
Local Cooling - Fight Global Warming From Your Desktop
Price: $, Rating: 9, Downloads: 1179