Modelling selected stock prices at the nairobi securities exchange using markov chains

HIGHLIGHTS

• What: The study focused primarily the application of Markov Chain in analysing Nairobi Securities Market daily returns to describe the distribution of the market returns cross-checking if a current market return depends its preceding market returns and using the analysis to predict the future returns. The aim of this study was to analyse the discontinuous jumps in stock prices which will be of help to the investors in making investment decisions. From the study, the analysis showed that the mean of the returns approximately equal to zero and with excess kurtosis in the four companies shows . . .
  

   

  

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