Title :
Empirical Distributions of Personal Financial Product Returns of China
Author :
Guo Shijin ; Wang Yanqing
Author_Institution :
Dept. of Manage. of Sci. & Eng., East China Univ. of Sci. & Technol., Shanghai, China
Abstract :
We examine three distributions on the daily return data of China personal finance market. The empirical research shows return of China personal financial product displays excess kurtosis and skewness. Stable distribution is much better than asymmetric Laplace distribution in describing these statistical characteristics, especially for mixed products. Parameter values of location and scale is in different levels related to different product investment styles.
Keywords :
investment; statistical distributions; China; daily return data; empirical distribution; personal financial product returns; product investment styles; statistical characteristics; Asset management; Conference management; Data security; Engineering management; Finance; Financial management; Investments; Stock markets; Technology management; Testing; Asymmetric Laplace Distribution; Personal Finance; Return Volatility; Stable Distribution;
Conference_Titel :
e-Education, e-Business, e-Management, and e-Learning, 2010. IC4E '10. International Conference on
Conference_Location :
Sanya
Print_ISBN :
978-1-4244-5680-2
Electronic_ISBN :
978-1-4244-5681-9
DOI :
10.1109/IC4E.2010.24
