Showing papers on "Market capitalization published in 1968"

An Analysis of the Advance-Decline Line as a Stock Market Indicator

Abstract: Perhaps one of the most time-honored of technical market indicators is the Advance-Decline Line. Its predictive powers as a leading indicator of the general market have been written about, and historical data on this index are published in Barron's. However, the validity of this series as a leading indicator has not been subjected to rigorous statistical analysis.

The German Stock Market

Abstract: THE EUROPEAN CAPITAL MARKET has gained considerable importance during the last few years. Among the most significant factors which explain this phenomenon are: 1 ) the advent and growth of multinational corporations and the need to finance these giants; 2) the formation of the European Economic Community and its objective of capital market policy harmonization; and 3) the persistent balance of payments deficits of the United States which have led to a restrictive foreign capital investment policy for American companies. The European capital market is comprised of several individual national markets, each having its own individual characteristics. Each market consists of equity and debt issue markets and facilitating financial institutions. However, six problem areas exist in the overall European system which require delineation and analysis before any successful attempt at harmonization can be achieved. These relate specifically to the individual national stock markets and are: