( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 102    Submit Your Rating     Cite This   Download        Certificate

PERFORMANCE EVALUATION OF EQUITY SHARES

    1 Author(s):  MS. MEENU RANI

Vol -  5, Issue- 3 ,         Page(s) : 10 - 17  (2014 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

This paper is based on share prices data of 50 companies of Bombay Stock Exchange from January,1st 2000 to 31st December 2011. The Sharpe’s , Treynor’s and Jensen’s model have been applied to measure the performance of these companies. The basic objective is to know the performance of these companies through the use of these three model, and compare it with benchmark (i.e market portfolio) to know the performance is better or poor. According to sharpe’s model 14 companies are performing better while the remaining 36 companies are poorly perform. According to Treynor’s model the performance of 15 companies is better while 35 working poorly. According to Jensen,s Model 16 companies have so on better managerial predictability.

1. Sharpe, William F (1966), “Mutual Fund Performance” Journal of Business, Supplement on Security Price, January, 119-138.
2. Trenor, jack L (1969), “ How to Rate Management of Investment Fund”, Hardvard Business Review, Vol. XLIII, (Jan- Feb), 63-75.
3. Jensen, Michael C. (1968), “ The performance of Mutual Funds in the period, 1945-65”. The Journal of Finance,Vol, xxIII(May), 318-416.
4. Fama E.F “ Risk return and Equilibrium: Some clarifying comments”, Journal of finance, vol.23, march, 1968.

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details