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Abstract ▼ AI-Helper

The idea of stock investing is to buy stocks whose price is lower than their true value and then to hold those stocks until their price returns to the true value earning a return on the investment. The CAN SLIM approach is one of the stock selection approach developed by studying 500 of the bigges...

The idea of stock investing is to buy stocks whose price is lower than their true value and then to hold those stocks until their price returns to the true value earning a return on the investment. The CAN SLIM approach is one of the stock selection approach developed by studying 500 of the biggest stock market winners from 1953 to 1993 in USA. One problem with this approach is that it is actually a very sophisticated method and far more complex than what it appears to be particularly for ordinary investors. The objective of this paper is to test if a simplified version of CAN SLIM can also produce significant abnormal returns so that ordinary investors with limited access to the financial data and limited analytical capability can benefit from the method in Korea stock market(firms listed in Korea Composite Stock Price Index(KOSPI), Korea Securities Dealers Automated Quotations System(KOSDAQ)). A preliminary result of the study has shown that a simplified version which does not require non-quantifiable selection criteria could produce significant abnormal returns. We have found that the results are promising. If a more comprehensive study shows that simplified versions can be as effective as the O’Neil’s CAN SLIM, the ordinary investors who have a limited access to data and limited time to read technical charts and interpret qualitative information will be able to use these revised methods to manage their investment portfolios in Korea stock market.

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