New Results on Gain-Loss Asymmetry for Stock Markets Time Series |
| M. Grudziecki a, E. Gnatowska a, K. Karpio b, A. Orłowski b, c and M. Załuska-Kotur a, c
a Faculty of Mathematics and Natural Sciences, Card. Stefan Wyszyński University, Warsaw, Poland b Department of Informatics, Warsaw University of Life Sciences - SGGW Warsaw, Poland c Institute of Physics, Polish Academy of Sciences, Warsaw, Poland |
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| Received: 22 11 2007; |
| A method called investment horizon approach was successfully used to analyze stock markets of many different countries. Here we apply a version of this method to study characteristics of the Polish Pioneer mutual funds. We decided to analyze Pioneer because of its longest involvement in investing on the Polish market. Moreover, it apparently manages the biggest amount of money among all similar institutions in Poland. We compare various types of Pioneer mutual funds, characterized by different financial instruments they invest in. Previously, investment horizon approach produced different characteristics of emerging markets as opposed to mature ones, providing a possible way to quantify stock market maturity. Here we generalize the above mentioned results for mutual funds of various types. |
| DOI: 10.12693/APhysPolA.114.569 PACS numbers: 89.65.Gh, 02.50.-r, 89.90.+n |