Predictability Of Share Prices In India: A Study Of The Applicability Of Technical Analysis

In spite of the far longed practices of technical analysis by many participants in Indian stock market, none have arrived at the exact position of technical analysis as a tool for foretelling share prices. There is no evidence supporting that one has established its definite role in predicting the behaviour of share price and also to see the extent of validity (how far reliable) of technical tools in Indian stock market. The problem is the vacuum in the arena of securities market analysis where an unrecognised tool is practised, i.e., whether to hold on to technical analysis or to drop it. Again, as already stated in this chapter, its validity need not continue forever. It may become futile as happened in developed markets. Continuous practice of a tool, which is valid only during discontinuous times is also an error. The efficacy of different market phenomena in terms of their ability to foretell the extent and direction of the price movements and reliability thereof remain as not yet proved in. This requires further study in this area so that this controversy may be settled. A solution to the problem requires enquiring and establishing the applicability of technical analysis, if any, there is in the Indian stock market. The study has the following two broad objectives for the purpose of confirming the applicability, if any, of technical analysis in the Indian stock market. The first objective is to ascertain the current validity of ‘traditional holding with respect to patterns’ and the second objective is to ascertain the ‘consistent superiority’, if any, of technical indicators over non-signal strategies in return generation. The study analyses the five patterns, which are widely known and commonly found in publications. They are: (1) Symmetrical Triangles, (2) Rising Wedges, (3) Falling Wedges, (4) Head and Shoulders Top and (5) Head and Shoulders Bottom.

Economic Impact of Identity Theft in India: Lessons from Western Countries

In this computerized, globalised and internet world our computer collects various types of information’s about every human being and stores them in files secreted deep on its hard drive. Files like cache, browser history and other temporary Internet files can be used to store sensitive information like logins and passwords, names addresses, and even credit card numbers. Now, a hacker can get at this information by wrong means and share with someone else or can install some nasty software on your computer that will extract your sensitive and secret information. Identity Theft posses a very serious problem to everyone today. If you have a driver’s license, a bank account, a computer, ration card number, PAN card number, ATM card or simply a social security number you are more than at risk, you are a target. Whether you are new to the idea of ID Theft, or you have some unanswered questions, we’ve compiled a quick refresher list below that should bring you up to speed. Identity theft is a term used to refer to fraud that involves pretending to be someone else in order to steal money or get other benefits. Identity theft is a serious crime, which is increasing at tremendous rate all over the world after the Internet evolution. There is widespread agreement that identity theft causes financial damage to consumers, lending institutions, retail establishments, and the economy as a whole. Surprisingly, there is little good public information available about the scope of the crime and the actual damages it inflicts. Accounts of identity theft in recent mass media and in film or literature have centered on the exploits of 'hackers' - variously lauded or reviled - who are depicted as cleverly subverting corporate firewalls or other data protection defenses to gain unauthorized access to credit card details, personnel records and other information. Reality is more complicated, with electronic identity fraud taking a range of forms. The impact of those forms is not necessarily quantifiable as a financial loss; it can involve intangible damage to reputation, time spent dealing with disinformation and exclusion from particular services because a stolen name has been used improperly. Overall we can consider electronic networks as an enabler for identity theft, with the thief for example gaining information online for action offline and the basis for theft or other injury online. As Fisher pointed out "These new forms of hightech identity and securities fraud pose serious risks to investors and brokerage firms across the globe," I am a victim of identity theft. Being a victim of identity theft I felt the need for creating an awareness among the computer and internet users particularly youngsters in India. Nearly 70 per cent of Indian‘s population are living in villages. Government of India already started providing computer and internet facilities even to the remote villages through various rural development and rural upliftment programmes. Highly educated people, established companies, world famous financial institutions are becoming victim of identity theft. The question here is how vulnerable the illiterate and innocent rural people are if they suddenly exposed to a new device through which some one can extract and exploit their personal data without their knowledge? In this research work an attempt has been made to bring out the real problems associated with Identity theft in developed countries from an economist point of view.

Water for Food: Feeding what?

Key Findings: “Water for food” is not necessarily synonymous with “water for food security. Countries with similar geological conditions face very different geopolitical realities; national water policies and agricultural motivations reflect this. Water policies and research should seek to understand “water for food” and its connections with economics, the environment, and securities more broadly

Experimental Markets for Product Concepts

Market prices are well known to efficiently collect and aggregate diverse information regarding the value of commodities and assets. The role of markets has been particularly suitable to pricing financial securities. This article provides an alternative application of the pricing mechanism to marketing research - using pseudo-securities markets to measure preferences over new product concepts. Surveys, focus groups, concept tests and conjoint studies are methods traditionally used to measure individual and aggregate preferences. Unfortunately, these methods can be biased, costly and time-consuming to conduct. The present research is motivated by the desire to efficiently measure preferences and more accurately predict new product success, based on the efficiency and incentive-compatibility of security trading markets. The article describes a novel market research method, pro-vides insight into why the method should work, and compares the results of several trading experiments against other methodologies such as concept testing and conjoint analysis.

Values and their influence on the life satisfaction of adolescents aged 12 to 16: a study of some correlates

In this research we explore several aspects of quality of life in young people, working with factors such as self-esteem, locus of control, perceived social support, values, and so on. We examine the correlations among factors that influence the values and life satisfaction of adolescents aged 12-16. Furthermore, we analyze the data obtained from the children, on the one hand, and their parents, on the other, we explore the relationships between the factors and we consider the agreements and discrepancies between the responses of parents and their offspring

Relación entre la innovación de las empresas y el comportamiento del consumidor en el lanzamiento de nuevos productos en la industria de bebidas no alcohólicas

Como consumidores todas las personas toman decisiones de compra todos los días. Respondiendo a esto, la mayoría de empresas investigan esas decisiones para conocer qué, cómo, cuánto, dónde, cuándo y por qué compran los consumidores en el momento en que lo hacen. Cuando se logra descubrir estos factores, nace el interés por parte de las compañías de agregar características a los productos ofrecidos o lanzar nuevos productos al mercado con el fin de responder a esas necesidades descubiertas en las investigaciones. En el mercado de bebidas no alcohólicas, durante los últimos dos años, se ha presentado en los consumidores una mayor preferencia hacia productos más saludables y a tener exigencias mayores en las presentaciones y cualidades de las bebidas. En las empresas del sector, por otro lado, la tendencia es a encontrar una mayor amplitud y profundidad de las líneas de productos ofrecidos en el mercado en cuestión. Dado que el comportamiento de los consumidores y las acciones correspondientes de las empresas están estrechamente vinculados, se hace necesario estudiar y establecer la relación que existe entre estos factores que se han evidenciado en el mercado de bebidas no alcohólicas, con el fin de entender la nueva dinámica del sector y aportar sugerencias que podrían representar oportunidades para el crecimiento del mismo.

Análisis financiero de la empresa Novartis de Colombia y el sector farmacéutico en Colombia

El siguiente trabajo de grado para la Facultad de Administración de la Universidad del Rosario, tiene como principal objetivo realizar un análisis financiero de Novartis de Colombia, empresa multinacional Suiza que opera en Colombia como filial. Así mismo, poder indagar qué implicaciones tienen los cambios dentro del sector farmacéutico de Colombia en las finanzas de la empresa. El trabajo busca determinar de qué manera Novartis de Colombia usa sus recursos para ser una de las empresas del sector mejor posicionada a pesar de los grandes cambios que la industria farmacéutica ha estado afrontando durante los últimos años. Para esto se deben utilizar diferentes herramientas e indicadores financieros que ayudarán a identificar, analizar, describir y evaluar los aspectos claves que garantizan el éxito de la empresa.

Big Data: Wrongs and Rights by Andrew Cormack (WAIS Seminar)

Abstract: Big Data has been characterised as a great economic opportunity and a massive threat to privacy. Both may be correct: the same technology can indeed be used in ways that are highly beneficial and those that are ethically intolerable, maybe even simultaneously. Using examples of how Big Data might be used in education - normally referred to as "learning analytics" - the seminar will discuss possible ethical and legal frameworks for Big Data, and how these might guide the development of technologies, processes and policies that can deliver the benefits of Big Data without the nightmares. Speaker Biography: Andrew Cormack is Chief Regulatory Adviser, Jisc Technologies. He joined the company in 1999 as head of the JANET-CERT and EuroCERT incident response teams. In his current role he concentrates on the security, policy and regulatory issues around the network and services that Janet provides to its customer universities and colleges. Previously he worked for Cardiff University running web and email services, and for NERC's Shipboard Computer Group. He has degrees in Mathematics, Humanities and Law.

Una aproximacion al caso Interbolsa

A finales del año 2012, la quiebra de la comisionista de bolsa más grande de Colombia, InterBolsa, desencadenó un pánico financiero. Al analizar los diferentes eventos de crisis financieras mundiales, se evidencia que el sector estuvo a punto de colapsar y que la amenaza estuvo al borde de convertirse en una crisis sistémica que hubiera permeado todos los sectores de la economía, incluyendo al Estado. En este contexto, el documento hace un análisis de las crisis internacionales, sus causas y consecuencias para analizar el caso colombiano; a su vez, trata de explicar, racionalmente, por qué se frustro la crisis generada por los problemas de liquidez de InterBolsa, entendiendo que el escenario era propicio y la crisis era inminente, según la investigación. El documento procura establecer responsabilidades entre los diferentes actores y, al final, se realiza un análisis financiero de la firma para buscar señales que pudieran haber anticipado la quiebra.

Retos y alternativas de inversión para las compañías aseguradoras en Colombia

En este documento se explica el rol de las compañías aseguradoras colombianas dentro del sistema pensional y se busca, a través de la comprensión de la evolución del entorno macroeconómico y del marco regulatorio, identificar los retos que enfrentan. Los retos explicados en el documento son tres: el reto de la rentabilidad, el reto que plantean los cambios relativamente frecuentes de la regulación, y el reto del “calce”. El documento se enfoca principalmente en el reto de la rentabilidad y desarrolla un ejercicio de frontera eficiente que utiliza retornos esperados calculados a partir de la metodología de Damodaran (2012). Los resultados del ejercicio soportan la idea de que en efecto los retornos esperados serán menores para cualquier nivel de riesgo y sugiere que ante tal panorama, la relajación de las restricciones impuestas por el Régimen de inversiones podría alivianar los preocupaciones de las compañías aseguradoras en esta materia. Para los otros dos retos también se sugieren alternativas: el Algorithmic Trading para el caso del reto que impone los cambios en la regulación, y las Asociaciones Público-Privadas para abordar el reto del “calce”.

La reintegración social y económica de los grupos armados ilegales en Colombia: reflexiones a partir de la trayectoria de nueve excombatientes

Esta investigación toma como marco general la Política de Reintegración Social y económica de personas y grupos alzados en armas en Colombia, en donde tras el estudio de las trayectorias en el conflicto de un grupo de 9 excombatientes, se aborda la relación existente entre los beneficios otorgados por dicha política y aquello que facilitó y motivó el ingreso, la permanencia y desmovilización de los grupos armados. Se presenta una caracterización e interpretación conceptual de las denominadas trayectorias en el conflicto, son establecidas relaciones y diferencias entre las organizaciones ilegales FARC y las AUC, se revisan las percepciones que frente a los beneficios del programa de reintegración tienen excombatientes y profesionales de la entidad que lidera dicho proceso y a partir de ello, es argumentada la incidencia que sobre el éxito de esta política tienen las características individuales y particulares, tanto de los excombatientes como de las organizaciones armadas ilegales.

Actuación de UNAMID (operación híbrida de la Unión Africana y las Naciones Unidas en Darfur) en la defensa de los Derechos Humanos de las mujeres en el conflicto en Darfur (2008 – 2012)

El interés de esta monografía es analizar los alcances y las limitaciones de la actuación de UNAMID en la defensa de los Derechos Humanos de las mujeres en el conflicto en Darfur (2008-2012). Lo anterior, para dar cuenta de que si bien UNAMID ha tenido avances significativos en el aumento de denuncias por violación sexual, en la educación y en la inclusión de la mujer en Darfur, la intervención tardía, la falta de personal cualificado y el lento despliegue ha limitado su actuación para erradicar la violencia sexual como arma de guerra. Sin embargo, la baja internalización de la norma por parte del Estado de Sudán ha sido el mayor limitante para la Misión de Paz. Este análisis se realiza mediante el concepto de Responsabilidad de proteger y el enfoque de Alexander Wendt y Nicholas Onuf.

Identifying job skills in commercial advisors in a health insurance company

The aim of this research was to identify the criticalcompetence of success of the commercial adviserin a company providing insurance and health services.For this research a sample of 34 commercialadvisers. The sample was divided into four groups(two per product and two per criterion of success).Systematic fi eld observations, interviews of criticalincidents, application of response tests and salesworkshops were used to evaluate the differentialcompetences that the successful advisers wereshowing in relation to the advisers de fi ned as average.The success criteria were based on the generatedcommission performance over the 10 months. Allin all, signi fi cant differences were found betweenthe “successful” and “average” groups. Furthermore,competences that correlate positively with atop sales performance were observed and competencesthat have major level of discrimination betweenthe “successful” and “average” groups wereestablished. Orientation to achievement, planningand management, information search, commercialaggressiveness and strategic vision are the competencesthat were considered to be key in the topperformance of a sales agent or commercial adviser.Additionally, the results in the response testswere analyzed in the four study groups, withoutobserving signi fi cant differences between them,which supports the theoretical framework of thepresent study.

El uso y efectividad de la relación estratégica comunitaria y el marketing en las organizaciones de comercio al por mayor especializadas en productos agropecuarios

El mercadeo relacional no sólo implica desarrollar relaciones con los clientes y satisfacer efectivamente sus necesidades, sino que también implica la vinculación de la empresa con la comunidad, y para esto se deben utilizan estrategias comunitarias generando así un desarrollo y beneficio recíproco a largo plazo. La empresa mayorista del sector agropecuario analizada en este proyecto dentro de su concepto de comunidad tiene claro quiénes son sus principales agentes (clientes externos, proveedores, clientes internos y comunidades vulnerables) y cómo relacionarse con ellos mediante el uso efectivo y equilibrado de las estrategias de marketing y de las estrategias orientadas a la comunidad, lo cual se ve reflejado en sus resultados financieros y en el impacto que ha generado en el desarrollo integral de la comunidad rural y del sector agropecuario. No obstante, la empresa si bien mantiene una relación permanente con sus clientes, proveedores y empleados y algunas fundaciones, se observa que la relación con otros agentes pierde continuidad al ser una iniciativa a corto plazo como respuesta a un cambio.