Optimal Investment Horizon Tehran Price Index (Tepix) and Its Comparison with Indices of Automotive, Sugar, Pharmaceutical, Financial and Banking Industries

Authors
Ezatollah Abbasian
Ebrahim nasiroleslami
Ehsan saniee
Bu Ali sina Universiy
10.29252/jemr.9.33.221
Abstract
In the analysis of the stock market and its market indices, instead of estimating returns and their distributions at a given time interval, it is possible to extract optimal time to achieve a certain return. In this study, the distribution of investment horizons and optimal investment horizons through inverse gamma statistics method for the indices of automobile, sugar, pharmaceutical, financial and banks industries in Tehran Stock Exchange were extracted, analyzed and compared. The results of the research show that at the levels of access to +5 percent return, automotive, sugar , banking and financial indices have shorter horizons than the total index, while in terms of access to negative returns ,the only indicator of the drug group has a longer horizon than the total index.
Keywords
Investment Horizon
Investment Horizon Distribution
Inverse Gamma Statistics
Return
Risk
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