{"id":"https://openalex.org/W4366278409","doi":"https://doi.org/10.9734/ajpas/2023/v22i2482","title":"Risk and Return Analysis of Sectoral Indices in the context of the Bombay Stock Exchange","display_name":"Risk and Return Analysis of Sectoral Indices in the context of the Bombay Stock Exchange","publication_year":2023,"publication_date":"2023-04-18","ids":{"openalex":"https://openalex.org/W4366278409","doi":"https://doi.org/10.9734/ajpas/2023/v22i2482"},"language":"en","primary_location":{"id":"doi:10.9734/ajpas/2023/v22i2482","doi":"https://doi.org/10.9734/ajpas/2023/v22i2482","is_oa":true,"landing_page_url":"https://doi.org/10.9734/ajpas/2023/v22i2482","pdf_url":"https://journalajpas.com/index.php/AJPAS/article/download/482/955","source":{"id":"https://openalex.org/S4210211374","display_name":"Asian Journal of Probability and Statistics","issn_l":"2582-0230","issn":["2582-0230"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320855","host_organization_name":"Sciencedomain International","host_organization_lineage":["https://openalex.org/P4310320855"],"host_organization_lineage_names":["Sciencedomain International"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Probability and Statistics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://journalajpas.com/index.php/AJPAS/article/download/482/955","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5014118628","display_name":"Akash Asthana","orcid":"https://orcid.org/0000-0002-9509-9204","observed_orcids":["https://orcid.org/0000-0002-9509-9204"]},"institutions":[{"id":"https://openalex.org/I186246823","display_name":"University of Lucknow","ror":"https://ror.org/03bdeag60","country_code":"IN","type":"education","lineage":["https://openalex.org/I186246823"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Akash Asthana","raw_affiliation_strings":["Department of Statistics, University of Lucknow, Uttar Pradesh, Lucknow-226007, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Statistics, University of Lucknow, Uttar Pradesh, Lucknow-226007, India","institution_ids":["https://openalex.org/I186246823"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5085675471","display_name":"Syed Shafi Ahmed","orcid":"https://orcid.org/0000-0002-5047-5050","observed_orcids":["https://orcid.org/0000-0002-5047-5050"]},"institutions":[{"id":"https://openalex.org/I186246823","display_name":"University of Lucknow","ror":"https://ror.org/03bdeag60","country_code":"IN","type":"education","lineage":["https://openalex.org/I186246823"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Syed Shafi Ahmed","raw_affiliation_strings":["Department of Statistics, University of Lucknow, Uttar Pradesh, Lucknow-226007, India"],"raw_orcid":"https://orcid.org/0000-0002-5047-5050","affiliations":[{"raw_affiliation_string":"Department of Statistics, University of Lucknow, Uttar Pradesh, Lucknow-226007, India","institution_ids":["https://openalex.org/I186246823"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I186246823"],"apc_list":null,"apc_paid":null,"fwci":0.8449,"has_fulltext":true,"cited_by_count":4,"citation_normalized_percentile":{"value":0.76333759,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":94,"max":96},"biblio":{"volume":"22","issue":"2","first_page":"40","last_page":"46"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9423999786376953,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9423999786376953,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.032600000500679016,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.018400000408291817,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-return-trade-off","display_name":"risk-return tradeoff","score":0.8299999833106995},{"id":"https://openalex.org/keywords/sectoral-indices","display_name":"sectoral stock indices","score":0.9409999847412109},{"id":"https://openalex.org/keywords/bombay-stock-exchange","display_name":"Bombay Stock Exchange","score":0.9350000023841858},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.6610000133514404},{"id":"https://openalex.org/keywords/market-risk","display_name":"market risk","score":0.6600000262260437},{"id":"https://openalex.org/keywords/monthly-returns","display_name":"monthly returns","score":0.625},{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.5070000290870667}],"concepts":[{"id":"https://openalex.org/C30755413","wikidata":"https://www.wikidata.org/wiki/Q1245402","display_name":"Risk\u2013return spectrum","level":3,"score":0.7696377038955688},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6529548764228821},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5465705990791321},{"id":"https://openalex.org/C26584437","wikidata":"https://www.wikidata.org/wiki/Q6060874","display_name":"Investment performance","level":4,"score":0.5300894379615784},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5006897449493408},{"id":"https://openalex.org/C86637286","wikidata":"https://www.wikidata.org/wiki/Q7317264","display_name":"Rate of return","level":2,"score":0.4948565363883972},{"id":"https://openalex.org/C154611145","wikidata":"https://www.wikidata.org/wiki/Q4331879","display_name":"Expected return","level":3,"score":0.49193739891052246},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.4886527359485626},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4513690173625946},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4472693204879761},{"id":"https://openalex.org/C26021514","wikidata":"https://www.wikidata.org/wiki/Q4669830","display_name":"Absolute return","level":5,"score":0.4219123125076294},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.39987435936927795},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.37341317534446716},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.3657991290092468},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3635743260383606},{"id":"https://openalex.org/C169549615","wikidata":"https://www.wikidata.org/wiki/Q939134","display_name":"Return on investment","level":3,"score":0.3308880925178528},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15382269024848938},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.09267640113830566},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.08580955862998962},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.9734/ajpas/2023/v22i2482","doi":"https://doi.org/10.9734/ajpas/2023/v22i2482","is_oa":true,"landing_page_url":"https://doi.org/10.9734/ajpas/2023/v22i2482","pdf_url":"https://journalajpas.com/index.php/AJPAS/article/download/482/955","source":{"id":"https://openalex.org/S4210211374","display_name":"Asian Journal of Probability and Statistics","issn_l":"2582-0230","issn":["2582-0230"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320855","host_organization_name":"Sciencedomain International","host_organization_lineage":["https://openalex.org/P4310320855"],"host_organization_lineage_names":["Sciencedomain International"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Probability and Statistics","raw_type":"journal-article"},{"id":"pmh:oai:journalajpas.com:article/482","doi":null,"is_oa":true,"landing_page_url":"https://journalajpas.com/index.php/AJPAS/article/view/482","pdf_url":null,"source":{"id":"https://openalex.org/S4210211374","display_name":"Asian Journal of Probability and Statistics","issn_l":"2582-0230","issn":["2582-0230"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320855","host_organization_name":"Sciencedomain International","host_organization_lineage":["https://openalex.org/P4310320855"],"host_organization_lineage_names":["Sciencedomain International"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2582-0230","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:HAL:hal-05175398v1","doi":null,"is_oa":false,"landing_page_url":"https://hal.science/hal-05175398","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Asian Journal of Probability and Statistics, 2023, 22 (2), pp.40-46","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.9734/ajpas/2023/v22i2482","doi":"https://doi.org/10.9734/ajpas/2023/v22i2482","is_oa":true,"landing_page_url":"https://doi.org/10.9734/ajpas/2023/v22i2482","pdf_url":"https://journalajpas.com/index.php/AJPAS/article/download/482/955","source":{"id":"https://openalex.org/S4210211374","display_name":"Asian Journal of Probability and Statistics","issn_l":"2582-0230","issn":["2582-0230"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320855","host_organization_name":"Sciencedomain International","host_organization_lineage":["https://openalex.org/P4310320855"],"host_organization_lineage_names":["Sciencedomain International"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Probability and Statistics","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4366278409.pdf","grobid_xml":"https://content.openalex.org/works/W4366278409.grobid-xml"},"referenced_works_count":15,"referenced_works":["https://openalex.org/W1529603348","https://openalex.org/W2087028717","https://openalex.org/W2101095843","https://openalex.org/W2344325425","https://openalex.org/W2508573157","https://openalex.org/W2905735451","https://openalex.org/W2923174503","https://openalex.org/W2944847417","https://openalex.org/W2992108498","https://openalex.org/W2996738459","https://openalex.org/W3022997267","https://openalex.org/W3135199078","https://openalex.org/W3200911980","https://openalex.org/W4200184656","https://openalex.org/W6894057719"],"related_works":["https://openalex.org/W2930669431","https://openalex.org/W4410077842","https://openalex.org/W1504319257","https://openalex.org/W7163071368","https://openalex.org/W2508573157","https://openalex.org/W2323524471","https://openalex.org/W4311399994","https://openalex.org/W4285053234","https://openalex.org/W2169068234","https://openalex.org/W2769428911"],"abstract_inverted_index":{"For":[0],"an":[1,12,97],"investor,":[2],"in":[3,45,53,110,126],"deciding":[4],"on":[5],"the":[6,23,27,34,54,75,94,105,111,114,119,127,136,146,162,176,180,184],"investment,":[7],"risk":[8,16,36,68,79,106],"and":[9,17,33,80,103,107,179],"return":[10,18,24,81,108],"plays":[11],"important":[13],"role.":[14],"The":[15,132],"are":[19,48],"interrelated.":[20],"Usually,":[21],"if":[22],"is":[25,61,99,171],"small,":[26],"bet":[28],"will":[29,37],"also":[30,167],"be":[31,38,70,84],"low":[32,142],"higher":[35,42,139,153],"associated":[39],"with":[40,138,148],"a":[41,71,152,156],"return.":[43,77],"Investments":[44],"stock":[46],"markets":[47],"risky,":[49],"as":[50],"was":[51,166],"observed":[52],"performances":[55],"of":[56,67,113,121,183],"several":[57],"assets.":[58],"Therefore,":[59],"it":[60],"up":[62],"to":[63,73,101],"investors":[64],"what":[65],"level":[66],"could":[69],"beard":[72],"getting":[74],"desired":[76],"Thus,":[78],"analysis":[82],"should":[83],"performed":[85],"before":[86],"making":[87],"investments":[88],"for":[89],"more":[90],"thoughtful":[91],"decisions.":[92],"In":[93,144],"present":[95],"study,":[96],"attempt":[98],"made":[100],"analyze":[102],"compare":[104],"relationship":[109,160],"context":[112],"Bombay":[115],"Stock":[116],"Exchange":[117],"using":[118],"data":[120],"selected":[122],"Sectoral":[123],"Indices":[124,137,147],"listed":[125],"S&P":[128],"BSE":[129],"500":[130],"Index.":[131],"results":[133],"revealed":[134],"that":[135,169],"returns":[140,150,178,182],"had":[141,151],"risk.":[143],"comparison,":[145],"lower":[149],"risk,":[154],"showing":[155],"weak":[157],"negative":[158],"linear":[159],"between":[161,175],"two":[163],"variables.":[164],"It":[165],"obtained":[168],"there":[170],"no":[172],"significant":[173],"difference":[174],"Market":[177],"monthly":[181],"Indices.":[185]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2}],"updated_date":"2026-10-25T09:29:13.331239","created_date":"2023-04-20T00:00:00"}
