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

Table 4

The rankings of the equities based on their mean recurrent times and steady state.

Equities					Steady state	Average ranking	Overall ranking
Access	1.192	6.880	1.320	6.212	0.156	8.4	8th
ADB	1.030	67.667	2.000	34.833	0.029	10.6	12th
Cal	1.434	3.718	1.615	3.302	0.295	4.2	4th
EGH	1.507	3.730	1.892	2.971	0.339	3.4	3rd
ETI	1.293	4.909	1.438	4.415	0.226	6.4	6th
EGL	1.246	8.350	2.050	5.073	0.210	6.8	7th
GCB	1.576	4.552	2.621	2.737	0.372	2.2	2nd
RBG	1.175	10.412	1.824	6.710	0.154	8.9	9th
SIC	1.175	8.045	1.824	6.710	0.148	9.3	10th
SG-GH	1.354	6.333	2.240	3.827	0.266	4.8	5th
SCB	1.598	4.889	2.923	2.673	0.377	1.6	1st
TBG	1.078	14.923	1.167	13.791	0.076	11.2	11th