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A Simple Stock Market Model Involving Delay

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  • Jan Melecký
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    Abstract

    We suggest a model that describes dynamics of the stock price and its intrinsic value in the stock market. The model is based on characterization of the market participants behavior and on the relationship between the stock market and business environment. The model deals with two commonly usedtrading strategies and consist of two differential equations. The first one describes the current stock price dynamics and the second one the dynamics of its intrinsic value. We also analyze the qualitative behavior of the model.

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    File URL: http://ces.utia.cas.cz/bulletin/index.php/bulletin/article/view/148
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    Bibliographic Info

    Article provided by The Czech Econometric Society in its journal Bulletin of the Czech Econometric Society.

    Volume (Year): 13 (2006)
    Issue (Month): 23 ()
    Pages:

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    Handle: RePEc:czx:journl:v:13:y:2006:i:23:id:148

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    Web page: http://ces.utia.cas.cz
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    Related research

    Keywords: stock market; stock price; intrinsic value; time delay; price dynamics; value investors; trend followers;

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