Application of Markov Chain Techniques for Selecting Efficient Financial Stocks for Investment Portfolio Construction

Table 1

Summary statistics for the number of weekly price averages and stock transition change.

Equities	Point loss	Constant	Point gain	Mean	Std	Max	Min
Access	33	143	33	0.001	0.047	0.374	-0.12
ADB	2	201	6	0.001	0.022	0.194	-0.178
Cal	77	69	63	0.000	0.012	0.053	-0.048
EGH	72	66	71	0.002	0.077	0.35	-0.27
ETI	57	107	45	0.000	0.002	0.008	-0.008
EGL	77	88	44	-0.001	0.031	0.218	-0.125
GCB	67	66	76	0.000	0.048	0.193	-0.325
RBG	36	144	29	0.000	0.014	0.16	-0.036
SIC	45	133	31	0.000	0.003	0.034	-0.01
SG-GH	55	100	54	0.000	0.012	0.063	-0.058
SCB	71	61	77	0.010	0.212	1.1	-0.72
TBG	13	180	16	0.000	0.004	0.028	-0.02