Abstract
In the multivariate regression analysis we used the main risk-related variables (size, industry, age and market) to explain differences in volatility. Our results suggested that AIM stocks are significantly more volatile, although the difference is far smaller than that given by the simple ratio analysis. However the strong correlation between age and market on which the stock is listed makes it difficult for a regression to distinguish the impact of the two variables.
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© 2015 John Board, Alfonso Dufour, Yusuf Hartavi, Charles Sutcliffe and Stephen Wells
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Board, J., Dufour, A., Hartavi, Y., Sutcliffe, C., Wells, S. (2015). Regression Analyses with Multiple Variables. In: Risk and Trading on London’s Alternative Investment Market: The Stock Market for Smaller and Growing Companies. Palgrave Pivot, London. https://doi.org/10.1057/9781137361301_10
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DOI: https://doi.org/10.1057/9781137361301_10
Publisher Name: Palgrave Pivot, London
Print ISBN: 978-1-349-47228-4
Online ISBN: 978-1-137-36130-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)