Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange

Md Saiful Islam; Md Lutfor Rahman

doi:doi:10.11648/j.ijfbr.20160201.12

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Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange

Md Saiful Islam, Md Lutfor Rahman

Published in International Journal of Finance and Banking Research (Volume 2, Issue 1)

Received: 21 January 2016 Accepted: 25 January 2016 Published: 4 February 2016

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Abstract

This research paper investigates the relevance of NAV per share in influencing the volatility of share prices. Standard deviation has been considered as the measurement scale of volatility. Besides NAV, the other variables considered include P/E ratio, face value and market lot size. Using 92 companies for the period between 2000 to 2009, this research found NAV per share has significant impact in determining the market volatility. Unlike what happened in the Dhaka Stock Exchange during the years between 2006-2010, changes in the face value and the market lot size should not have any impact in determining the market volatility.

Published in	International Journal of Finance and Banking Research (Volume 2, Issue 1)
DOI	10.11648/j.ijfbr.20160201.12
Page(s)	7-12
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

NAV, Market Lot Size, Share Face Value, Stock Market Volatility, DSE

References

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APA Style

Md Saiful Islam, Md Lutfor Rahman. (2016). Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange. International Journal of Finance and Banking Research, 2(1), 7-12. https://doi.org/10.11648/j.ijfbr.20160201.12

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ACS Style

Md Saiful Islam; Md Lutfor Rahman. Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange. Int. J. Finance Bank. Res. 2016, 2(1), 7-12. doi: 10.11648/j.ijfbr.20160201.12

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AMA Style

Md Saiful Islam, Md Lutfor Rahman. Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange. Int J Finance Bank Res. 2016;2(1):7-12. doi: 10.11648/j.ijfbr.20160201.12

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@article{10.11648/j.ijfbr.20160201.12,
  author = {Md Saiful Islam and Md Lutfor Rahman},
  title = {Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange},
  journal = {International Journal of Finance and Banking Research},
  volume = {2},
  number = {1},
  pages = {7-12},
  doi = {10.11648/j.ijfbr.20160201.12},
  url = {https://doi.org/10.11648/j.ijfbr.20160201.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20160201.12},
  abstract = {This research paper investigates the relevance of NAV per share in influencing the volatility of share prices. Standard deviation has been considered as the measurement scale of volatility. Besides NAV, the other variables considered include P/E ratio, face value and market lot size. Using 92 companies for the period between 2000 to 2009, this research found NAV per share has significant impact in determining the market volatility. Unlike what happened in the Dhaka Stock Exchange during the years between 2006-2010, changes in the face value and the market lot size should not have any impact in determining the market volatility.},
 year = {2016}
}

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TY  - JOUR
T1  - Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange
AU  - Md Saiful Islam
AU  - Md Lutfor Rahman
Y1  - 2016/02/04
PY  - 2016
N1  - https://doi.org/10.11648/j.ijfbr.20160201.12
DO  - 10.11648/j.ijfbr.20160201.12
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 7
EP  - 12
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20160201.12
AB  - This research paper investigates the relevance of NAV per share in influencing the volatility of share prices. Standard deviation has been considered as the measurement scale of volatility. Besides NAV, the other variables considered include P/E ratio, face value and market lot size. Using 92 companies for the period between 2000 to 2009, this research found NAV per share has significant impact in determining the market volatility. Unlike what happened in the Dhaka Stock Exchange during the years between 2006-2010, changes in the face value and the market lot size should not have any impact in determining the market volatility.
VL  - 2
IS  - 1
ER  -

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Author Information

Md Saiful Islam

Department of Business Administration, German University Bangladesh, Gazipur, Bangladesh
Md Lutfor Rahman

Department of Business Administration, Northern University Bangladesh, Dhaka, Bangladesh

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APA Style

Md Saiful Islam, Md Lutfor Rahman. (2016). Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange. International Journal of Finance and Banking Research, 2(1), 7-12. https://doi.org/10.11648/j.ijfbr.20160201.12

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ACS Style

Md Saiful Islam; Md Lutfor Rahman. Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange. Int. J. Finance Bank. Res. 2016, 2(1), 7-12. doi: 10.11648/j.ijfbr.20160201.12

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AMA Style

Md Saiful Islam, Md Lutfor Rahman. Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange. Int J Finance Bank Res. 2016;2(1):7-12. doi: 10.11648/j.ijfbr.20160201.12

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@article{10.11648/j.ijfbr.20160201.12,
  author = {Md Saiful Islam and Md Lutfor Rahman},
  title = {Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange},
  journal = {International Journal of Finance and Banking Research},
  volume = {2},
  number = {1},
  pages = {7-12},
  doi = {10.11648/j.ijfbr.20160201.12},
  url = {https://doi.org/10.11648/j.ijfbr.20160201.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20160201.12},
  abstract = {This research paper investigates the relevance of NAV per share in influencing the volatility of share prices. Standard deviation has been considered as the measurement scale of volatility. Besides NAV, the other variables considered include P/E ratio, face value and market lot size. Using 92 companies for the period between 2000 to 2009, this research found NAV per share has significant impact in determining the market volatility. Unlike what happened in the Dhaka Stock Exchange during the years between 2006-2010, changes in the face value and the market lot size should not have any impact in determining the market volatility.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Relevance of Net Asset Value (NAV) in Determining the Volatility of Stock Returns: A Study on Dhaka Stock Exchange
AU  - Md Saiful Islam
AU  - Md Lutfor Rahman
Y1  - 2016/02/04
PY  - 2016
N1  - https://doi.org/10.11648/j.ijfbr.20160201.12
DO  - 10.11648/j.ijfbr.20160201.12
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 7
EP  - 12
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20160201.12
AB  - This research paper investigates the relevance of NAV per share in influencing the volatility of share prices. Standard deviation has been considered as the measurement scale of volatility. Besides NAV, the other variables considered include P/E ratio, face value and market lot size. Using 92 companies for the period between 2000 to 2009, this research found NAV per share has significant impact in determining the market volatility. Unlike what happened in the Dhaka Stock Exchange during the years between 2006-2010, changes in the face value and the market lot size should not have any impact in determining the market volatility.
VL  - 2
IS  - 1
ER  -

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