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  • 标题:EVALUATION OF BENFORD’S LOW APPLICATION IN STOCK PRICES AND STOCK TURNOVER
  • 本地全文:下载
  • 作者:Zdravko, Krakar ; Žgela, Mario
  • 期刊名称:INFORMATOLOGIA
  • 印刷版ISSN:1330-0067
  • 出版年度:2009
  • 卷号:42
  • 期号:3
  • 页码:158-165
  • 出版社:Social sciences; Information sciences;
  • 摘要: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.
  • 关键词:Benford's Law; stock exchange; stock price; stock turnover; deviation measure
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