Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange
This research paper investigates the relevance of NAV per share in influencing the volatility of share prices. Standard deviation has been considered as the measurement scale of volatility. Besides NAV, the other variables considered include P/E ratio, face value and market lot size. Using 92 companies for the period between 2000 to 2009, this research found NAV per share has significant impact in determining the market volatility. Unlike what happened in the Dhaka Stock Exchange during the years between 2006-2010, changes in the face value and the market lot size should not have any impact in determining the market volatility.
Md Saiful Islam,
Md Lutfor Rahman,
Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange, International Journal of Finance and Banking Research.
Vol. 2, No. 1,
2016, pp. 7-12.
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