Staff View: Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor

Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor

This study suggests using Geometric Brownian Motion (GBM) model to forecast closing prices for 10 stocks in Healthcare sector in Bursa Malaysia. The forecasted close prices can be used as a reference for investors to make their investments. Investments is a process of investing money for profit. How...

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Main Authors:	Shahruzain, Muhammad Afiq Mukhriz, Zulfemi, Muhammad Nur Hazwan, Muhamad Nor, Puteri Nurul Atiqah
Format:	Student Project
Language:	English
Published:	2023
Subjects:	Mathematical statistics. Probabilities
Online Access:	https://ir.uitm.edu.my/id/eprint/83535/1/83535.pdf https://ir.uitm.edu.my/id/eprint/83535/
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id	my.uitm.ir.83535
record_format	eprints
spelling	my.uitm.ir.835352023-09-14T04:58:38Z https://ir.uitm.edu.my/id/eprint/83535/ Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor Shahruzain, Muhammad Afiq Mukhriz Zulfemi, Muhammad Nur Hazwan Muhamad Nor, Puteri Nurul Atiqah Mathematical statistics. Probabilities This study suggests using Geometric Brownian Motion (GBM) model to forecast closing prices for 10 stocks in Healthcare sector in Bursa Malaysia. The forecasted close prices can be used as a reference for investors to make their investments. Investments is a process of investing money for profit. However, selecting the right stock to invest in can be challenging, and the lack of certainty surrounding stock prices can reduce investor trust. Thus, forecasting future stock prices is so crucial. Since all investors want to make profit quickly, the duration of this study are 2 weeks forecast and 4 weeks forecast only. In this study, GBM model which consists of rate of return, drift and volatility are used to forecast the future stock price. The result shows that GBM model able to forecast accurately as early as 2 weeks of investment by using Mean Absolute Percentage Error (MAPE) and percentage increment of stock price. Moreover, this study also shows that KOSSAN is the best stock by using relationship measurement, Sharpe’s and Treynor’s index. These methods are used to gauge the relationship and performance of the stock price with the FBMKLCI index. 2023 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/83535/1/83535.pdf Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor. (2023) [Student Project] (Unpublished)
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Mathematical statistics. Probabilities
spellingShingle	Mathematical statistics. Probabilities Shahruzain, Muhammad Afiq Mukhriz Zulfemi, Muhammad Nur Hazwan Muhamad Nor, Puteri Nurul Atiqah Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor
description	This study suggests using Geometric Brownian Motion (GBM) model to forecast closing prices for 10 stocks in Healthcare sector in Bursa Malaysia. The forecasted close prices can be used as a reference for investors to make their investments. Investments is a process of investing money for profit. However, selecting the right stock to invest in can be challenging, and the lack of certainty surrounding stock prices can reduce investor trust. Thus, forecasting future stock prices is so crucial. Since all investors want to make profit quickly, the duration of this study are 2 weeks forecast and 4 weeks forecast only. In this study, GBM model which consists of rate of return, drift and volatility are used to forecast the future stock price. The result shows that GBM model able to forecast accurately as early as 2 weeks of investment by using Mean Absolute Percentage Error (MAPE) and percentage increment of stock price. Moreover, this study also shows that KOSSAN is the best stock by using relationship measurement, Sharpe’s and Treynor’s index. These methods are used to gauge the relationship and performance of the stock price with the FBMKLCI index.
format	Student Project
author	Shahruzain, Muhammad Afiq Mukhriz Zulfemi, Muhammad Nur Hazwan Muhamad Nor, Puteri Nurul Atiqah
author_facet	Shahruzain, Muhammad Afiq Mukhriz Zulfemi, Muhammad Nur Hazwan Muhamad Nor, Puteri Nurul Atiqah
author_sort	Shahruzain, Muhammad Afiq Mukhriz
title	Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor
title_short	Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor
title_full	Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor
title_fullStr	Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor
title_full_unstemmed	Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor
title_sort	forecasting stock price in healthcare sector by using geometric brownian motion model / muhammad afiq mukhriz shahruzain, muhammad nur hazwan zulfemi and puteri nurul atiqah muhamad nor
publishDate	2023
url	https://ir.uitm.edu.my/id/eprint/83535/1/83535.pdf https://ir.uitm.edu.my/id/eprint/83535/
_version_	1778165948286500864
score	13.211869

Forecasting stock price in Healthcare sector by using Geometric Brownian Motion model / Muhammad Afiq Mukhriz Shahruzain, Muhammad Nur Hazwan Zulfemi and Puteri Nurul Atiqah Muhamad Nor

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