Evaluating the Difference between Investors Biorhythmic Internal Rotations with the Formation of a Portfolio Based on Value Stocks

Subject Areas : Financial Knowledge of Securities Analysis

Mehdi Darvishan ¹ , Mohammadreza Abdoli ² , Mohammad Mehdi Hosseini ³ , Esmail Alibeiki ⁴

1 - Ph.D. Student, Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran
2 - Associate Professor, Accounting Department, Shahroud Unit, Islamic Azad University, Shahroud, Iran
3 - Assistant Professor, Department of Electrical Engineering, Shahroud Branch, Islamic Azad University, Shahroud, Iran
4 - Assistant Professor, Department of Electrical Engineering, Ali Abad Katoul Branch, Islamic Azad University, Ali Abad Katoul, Iran

Received: 2022-05-07 Accepted : 2022-09-28 Published : 2023-05-22

Keywords: Biorhythmic Internal Rotations, portfolio, value stock,

Abstract :

Today, beyond classical financial / behavioral theories, biorhythm science as a set of emotional causes: Perceptual and even physical, can be considered the basis for financial and investment decisions. In fact, this science is based on a sinusoidal diagram of a person's state according to the person's position in one of the positive points; Negative and critical shows that can be considered effective on individual decisions. The purpose of this research is evaluating the difference between investors biorhythmic internal rotations with the formation of portfolio based on value stocks. This study was conducted in a period of 6 months separately and 2 months in the form of 4 periods of 15 days to investigate the differences in biorhythmic internal rotations of institutional investors. In this study, 60 institutional investors in the form of 4 groups of 15 people in order to be in three cycles of physical biorhythm; Emotional and subjective were selected and analyzed through multivariate MANOVA tests, ANOVA with repeated measure and repeated measures analysis of variance and post hoc tests. The research tool was to measure the formation of value stock portfolio, the ratio of book value to market value and the separation of companies' stocks into two parts: growth and value, and to measure the biorhythmic internal rotations of investors from Biorhythm software (Biorhythm-365) used in Android and IOS operating systems. The results showed that investors who are in the positive zone in the mental and emotional periodicity tend to use value stocks to form more portfolios than investors who are in the negative and critical zone.

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