Sökning: "Kotnik"

Hittade 2 uppsatser innehållade ordet Kotnik.

1. 1. Classifying stock returns using high-frequency fundamental factors and convolutional neural networks

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Denis Dvinskikh; Axel Kotnik; [2021]
   Nyckelord :convolutional neural networks; fundamental factors; technical indicators; high-frequency stock prices; classification;

   Sammanfattning : We evaluate the usefulness of high-frequency fundamental factor exposures of five US equities, between 2013 and 2017, as features for classifying and predicting the binary movements of the same stocks in 5-minute and 20-day intervals using Convolutional Neural Networks (CNN). After plotting rolling factor betas (Market, HML, SMB) and the close price of a given stock in the corresponding intervals, these time series are converted into images as Gramian Angular Difference Fields (GADF) and then concatenated to be fed to the CNN as input. LÄS MER

3. 2. The Role of Venture Capital Funding on IPO Underpricing: A Study on U.S. IPOs Between 1985 and 2020

   C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Axel Kotnik; Julius Tärning; [2020]
   Nyckelord :Initial public offering; IPO underpricing; Venture Capital; Equity Capital Markets; Company Valuation;

   Sammanfattning : IPO underpricing is a historical phenomenon that has cost entrepreneurs billions of dollars as their companies are undervalued on average when taken public. This paper primarily serves to provide an in-depth analysis on the effect that venture capital- funding has on IPO underpricing when also controlling for VC-firms' bias towards high-tech industries. LÄS MER