Timing

Open Access Article

1 - Provide a model for evaluating the timing skills of capital market professionals combined multi-indicator decision making and scenario design
behrooz nazari freydoun rahnama Mahdi Madanchi Zaj HAMIDREZA KORDLOUIE

10.30495/jfksa.2023.21894

In this study, we provide a model for evaluating the performance of capital market professionals (Case Study of Mutual Fund Managers) on how to apply market timing strategy in predicting future market movements, using a combination of multi-indicator decision making and More

In this study, we provide a model for evaluating the performance of capital market professionals (Case Study of Mutual Fund Managers) on how to apply market timing strategy in predicting future market movements, using a combination of multi-indicator decision making and We have analyzed the scenario of "expert system proposed by Hosseini Nasab" using the network analysis process (ANP) [3]. In the mentioned method for modeling and analyzing data, the matrix of internal and external dependencies of strategies and criteria was calculated and using the designed network model, strategies for determining weight and the most important strategies were evaluated. This method is used to implement the model of capital allocation to corporate stocks, with the three objectives of return, risk and liquidity. Manuscript profile

Open Access Article

2 - “The timing of 52-week high price” momentum: Evidence from Tehran stock Exchange
Maryam Davallou Bahareh Javadian

The main aim of this study was to evaluate the profitability of new momentum strategy based on timing of a stock’s 52-week high price and compare it with the known strategy of "52 week high price". The sample of this study composed of stocks of companies listed in More

The main aim of this study was to evaluate the profitability of new momentum strategy based on timing of a stock’s 52-week high price and compare it with the known strategy of "52 week high price". The sample of this study composed of stocks of companies listed in Tehran Stock Exchange from Farvardin 1381 until the end of Esfand 1392. To test the profitability of these two strategies, we use portfolio level analyses and Fama – Macbeth Cross sectional regressions (1973) in throughput. The results of this study confirmed the profitability strategy "The timing of 52-week high price" while winner portfolio based on"52 week high price " strategy could not yield higher returns in compare with looser one,therefore the profitability of "52 week high price "strategy is not approved. Our findings indicate that "the timing of 52-week high price" is able to predict changes in cross-sectional returns, but the point about the "52-week high price" does not apply. The results show that the interaction of these two strategies improve predictive power for stock returns. Manuscript profile

Open Access Article

3 - The Relationship Between Income Smoothing and Gain of Selling Capital Assets in Iran
Zahra. Pourzamani Azita Jahanshad Faramarz Safaee

In recent decade, the phenomenon of income smoothing is remarkably has taken in to consideration by many financial and accounting researchers and authorities. Income smoothing is indeed a conscious manner that managers will usually proceed to for achieving some concrete More

In recent decade, the phenomenon of income smoothing is remarkably has taken in to consideration by many financial and accounting researchers and authorities. Income smoothing is indeed a conscious manner that managers will usually proceed to for achieving some concrete purposes such as job security, rewarding, capital increase of company's shareholders and facilitating the ways for forecasting the issue of profitability. There are many techniques, methodologies and instrumentations for income smoothing which are mostly studied by accounting researchers. In the current research, the relationship between two variables of income smoothing and gain of selling capital assets in Iran has been investigated. In order to study the correlation between aforesaid factors, two groups of data have been utilized, the first group is based on Library studies and the second one is financial information in respect to these research variables, extracted from financial statements of approved companies in Tehran Stock Exchange during the years of 1382-1387. For the purpose of testing this research hypothesis, Panel Data Analysis has been chosen. The findings of this research explicate that there is no meaningful correlation between two variables of income smoothing and gain from selling the capital assets in Iran, since then the companies managers do not make use of this technique for smoothing the income despite of existing opportunities.  Manuscript profile

Open Access Article

4 - A model for identifying factors affecting the timing of liquidity in mutual funds
hamid sabzali gholam reza zomorodianS Farhad Hanifi

An investment manager puts the investment fund in a stable position before the market rises and falls. With this approach, in this study, an attempt has been made to model the factors affecting the timing of liquidity in Iranian mutual funds using Structural Equation Mo More

An investment manager puts the investment fund in a stable position before the market rises and falls. With this approach, in this study, an attempt has been made to model the factors affecting the timing of liquidity in Iranian mutual funds using Structural Equation Modeling (SEM). To achieve this goal, the required information was collected by survey and by designing a questionnaire from investors, experts and specialists in the Iranian capital market for the year 2020. Based on the results, external factors (with a path coefficient of 0.281) and internal factors (with a path coefficient of 0.419) have a significant effect on the timing of liquidity in mutual funds. The larger the coefficient of the path of internal factors indicates the fact that these factors have a stronger effect on the liquidity timing of mutual funds than external factors. Finally, the variables of interest rates on deposits, parallel market and stock returns, inflation rate, oil revenues, economic growth and political developments are external factors that respectively with path coefficients 0.786, 0.827, 0.664, 0.506, 0.582 and 0.404 and the variables of fund management ability and skill, relative life and size of the fund, net value and percentage of cash assets of the fund, return, profitability and capital expenditures of the fund, risks facing the fund and the number of industries in the fund's investment portfolio are intra-corporate factors that respectively with path coefficients 0.756, 0.426, 0.736, 0.553, 0.767 and 0.580, have a significant effect on the liquidity scheduling of mutual funds. Manuscript profile

Open Access Article

5 - Investigating the role of market timing as a model and investment strategy on the performance of capital market professionals
Behrouz Nazari mahdi Madanchi Zaj HAMIDREZA KORDLOUIE

AbstractThe purpose of this study is to study the market timing and provide a model for investors to make the right and responsible decisions against their capital and tries to examine the capabilities of man-angers of mutual funds in the Iranian capital market, whether More

AbstractThe purpose of this study is to study the market timing and provide a model for investors to make the right and responsible decisions against their capital and tries to examine the capabilities of man-angers of mutual funds in the Iranian capital market, whether they are time skills Have market assessments in choosing their investment portfolio or not. Therefore, the variables of the present study, using the implementation of a combined method of multi-attribute decision making and scenario analysis of "expert system proposed by Hosseini Nasab" [2], we used the A N P method. The results showed that it is possible to provide a comprehensive "timing" model for the capital market and In-prove the performance of professionals, and the future movements of the market can be predicted using the market timing strategy; Also, comparing the models of market timing strategy, the results showed that the timing strategy of seasons and dates, in comparison with the strategies of using moving average and seasonal timing of Sai Harding, have an effect on managers' performance and predicting future market movements; But compared to Mark Walker's seasonal timing strategies and Hirsch's best six-month timing strategies, it is less effective. Manuscript profile

Open Access Article

6 - Evaluating the Sequrity Selection Skill and Market timing Ability of Iranian Mutual Fund Managers
Hashem Nikoomaram Azadeh Farahani

This study intends to examine the security selection abilities and market timing abilities of Fund Managers in Iran by evaluating the performance of 5 mutual funds ranging in the period from the beginning of 1389 until the end of 1393. The models used to judge stock sel More

This study intends to examine the security selection abilities and market timing abilities of Fund Managers in Iran by evaluating the performance of 5 mutual funds ranging in the period from the beginning of 1389 until the end of 1393. The models used to judge stock selection skills are Jensen (Single Factor) and Carhart (4 Factor). Market timing ability is evaluated using the Augmented Treynor- Mauzey Model. To test the hypothesis of time series data regression is used. The results showed that among research topic funds, according to the single factor model (jensen’s measure), only in one fund it also at a confidence level of 90%, security selection to be seen as significant, and in confidence level of 95%, security selection not significant in any case. according to the 4-factor Carhart model, only in one fund it also at a confidence level of 93%, security selection to be seen as significant, and in confidence level of 95%, security selection not significant in any case. Market timing in 4 of 5 samples was found to significantly that unfortunately every 4 cases were negative.       Manuscript profile

Open Access Article

7 - An Evaluation of Mutual Funds Performance in Iranian Capital Market by combining Market Timing Models with the Fama and French three Factor Model
Hossein Abdoh Tabrizi Behrang Asadi Gharehjeloo

The aim of this study is to consider the combination of market timing models with Fama - French three factor model to evaluate the performance of mutual funds in Iran capital market. To follow this purpose, a sample of 12 mutual funds for the years of 2011-2015 has been More

The aim of this study is to consider the combination of market timing models with Fama - French three factor model to evaluate the performance of mutual funds in Iran capital market. To follow this purpose, a sample of 12 mutual funds for the years of 2011-2015 has been chosen. At first step, active management skills including market timing & security selection based on Treynor-Mazuy & Henriksson –Merton models for individual funds and then for all of the funds, using panel model, was applied. The results show that there is no statistically significant market timing ability and security selection among any of these cases. Although a Positive statistically significant size and book to market ratio effect, respectively, in one and three mutual funds is observed. As a result of panel model, there is a negative statistically significant size effect and security selection, a positive statistically significant beta and book to market ratio, and there is no market timing ability in both Treynor-Mazuy & Henriksson –Merton models. In contrast to traditional models, combined models show better results.     Manuscript profile

Open Access Article

8 - The Effect of the Timing of Form-Focused Instruction on the Development of Iranian Tourism and Hotel Management Students’ Explicit Knowledge of Grammar
Shiva Maleki Davood Ghahramani

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Open Access Article

9 - The Timing of Feedback and Learners’ Age on Implicit and Explicit Grammar Learning
Leila Ahmadpour Hassan Asadollahfam Sahar Ahmadpour

10.30486/relp.2019.663451

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Open Access Article

10 - Optimization of scheduling information in a network-based Standard IEEE802. 17 and measurement for video transmission
Ehsan Korbekandi Mohsen Ashourian Sayed Ali Hashemi

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Open Access Article

11 - Designing and Manufacturing of Test Set Up for Rapid Crack Propagation Test with Experimental Measurement of Tip Crack Growth Speed in Transmission pipes
Sayed Mahmoud Madani Mohammadreza Forouzan Ali Reza Salehian

Gas and liquid transmission is a routine activity in the oil industry, powerhouses, petrochemicals and nuclear industries. The pipes are exposed to micro cracks in the inner and outer surface due to factors like corrosion and fatigue in the manufacturing process. If the More

Gas and liquid transmission is a routine activity in the oil industry, powerhouses, petrochemicals and nuclear industries. The pipes are exposed to micro cracks in the inner and outer surface due to factors like corrosion and fatigue in the manufacturing process. If the aligned cracks are all over, the rapid crack growth phenomenon occurs. In this case, crack will grow at high speed along the pipe axis. In this research that has been conducted for the first time in the country, the measurement of the growth rate of the crack tip is done in two ways: High-Speed camera and timing wire system in the seamless aluminum 6063-T5 pipes. The bursting pressure of the specimens with the initial crack depth of 0.8, 1.0 and 1.2 mm are 70, 65 and 58 bar. The resulting growth rates in High-Speed camera and timing wire system is about 120 to 132 and 120 to 126 m/s. The qualitative results of this research matches well with other researches in this field in other journals. Manuscript profile

Open Access Article

12 - Designing and Optimizing the Fetch Unit for a RISC Core
Bahman Javadi Mojtaba Shojaei Mohammad Kazem Akbari Farnaz Irannejad

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Open Access Article

13 - نقش زمان بندی مستقیم فرازبانی و بازخورد غیرمستقیم در افزای ش تمای ل به برقراری ارتباط (WTC (زبان آموزان ای رانی زبان انگلیسی
Elham Dehdari Nasser Ghafoori Saeideh Ahanghari

10.30495/jfl.2023.707686

در این مطالعه سعی شده است اثرات احتمالی بازخورد فوری و تأخیری فرازبانی و غیرمستق یم بر سطح WTC زبان آموزان ایران ی در انجام تکال یف بررسی و مقای سه شود. این پژوهش یک کار نیمه تجربی با 120 شرکت کننده )63 مرد و 57 زن( بود که به چهار گروه 30 دانش آموز به عنوان گروه بازخورد More

در این مطالعه سعی شده است اثرات احتمالی بازخورد فوری و تأخیری فرازبانی و غیرمستق یم بر سطح WTC زبان آموزان ایران ی در انجام تکال یف بررسی و مقای سه شود. این پژوهش یک کار نیمه تجربی با 120 شرکت کننده )63 مرد و 57 زن( بود که به چهار گروه 30 دانش آموز به عنوان گروه بازخورد مستقی م فوری، 30 دانش آموز به عنوان بازخورد مستق یم با تاخیر، 30 دانش آموز به عنوان گروه غ یرمستق یم تقس یم شدند. بازخورد فور ی، و 30 دانش آموز به عنوان بازخورد غ یرمستقی م با تاخ یر. ابزارهای مختلفی برای جمع آوری داده های مورد نی از استفاده شد، از جمله آزمون قرارگیری آکسفورد(OPT (، مق یاس WTC( مک کراسکی ، 1992(، و مجموعهای از وظای ف مبادله دو طرفه. پس از همگن سازی شرکت کنندگان، بر اساس آزمون OPT ، شرکت کنندگان مقیاس  WTCرا به عنوان پیش آزمون گرفتند. به عنوان درمان، شرکت کنندگان گروه بازخورد فوری غیرمستقیم به محض اینکه مرتکب خطا شدند، خطاها را به شکل صحیح دوباره فرموله کردند. در گروه بازخورد تأخ یر غیرمستق یم، معلم خطاها و نام دانش آموز را یادداشت می کند تا برای آن دانش آموز خاص بازخورد ارائه کند. در گروه بازخورد فور ی فرازبانی مستقی م، هم توضیحات و هم نمونه هایی از اشکال صح یح اشتباهاتی که مرتکب شدند به شرکت کنندگان ارائه شد. در گروه تاخیری فرازبانی، معلم یادداشت هایی در مورد انواع خطاها و نام دانش آموزان نوشت تا توضیحات و مثال های صحیح را برای دانش آموزان خاص ارائه دهد. مقی اس WTC مجدداً در پس آزمون اجرا شد و نمرات ثبت شد. برای تجزیه و تحل یل داده های پیش آزمون و پس آزمون از آنالیز واریانس دوطرفه استفاده شد. نتا یج تجزیه و تحل یل داده ها نشان داد که بین زمان بندی و نوع بازخورد در رابطه با تأث یر آن ها بر WTC زبان آموزان ایران ی زبان انگل ی سی متوسط، تعامل وجود دارد.  Manuscript profile

Open Access Article

14 - Smallholder Farmers' Access and Use of Scientific Climatic Forecast Information in Mt. Elgon Region, Eastern Uganda
Narisi Mubangizi Florence Kyazze Paul Mukwaya

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Open Access Article

15 - Identify the Importance of Validation of Idea and Timing in the Success of Startups with an Emphasis on Financial Resource and Investment Planning
فریبا فتحی وحید رضا میرابی جلال حقیقت منفرد

10.30495/fed.2022.691512

Abstract Startup is a novice company that offers a new solution to a problem; while there is no guarantee for the company's success through the solution provided, identifying the factors affecting the success of these emerging companies can be a guarantee of their succ More

Abstract Startup is a novice company that offers a new solution to a problem; while there is no guarantee for the company's success through the solution provided, identifying the factors affecting the success of these emerging companies can be a guarantee of their success. The factors influencing the success of startups can be referred to as think-tanks and timing. Naturally, having the right idea and recognizing the time of entry and exit can play a decisive role in the success of the startup. So, given the role of ideology and timing for the success of startups, the present research seeks to identify the importance of Assessment ideas and timing for the success of startups. This research has been conducted within the framework of a qualitative approach and with the application of the research data method of the Foundation. Data gathering tools are semi-structured interviews. In order to collect information, using a targeted sampling method with 25 experts including university professors, APs (such as investors, coaches and Consultants), accelerators, successful startups, failed startup interviews. Data analysis was carried out in three stages: open coding, axial coding and selective coding, and a qualitative research model was designed. The results of this study indicate that the extraction of 91 codes or the initial concept of interviews, as well as the inventory of 20 concepts and 7 categories, are based on the paradigm model including Assessment ideas and timing as the axial and causative category, ICT as the underlying factors, Investment as intervening conditions, the business model and the primary product as a strategy and value creation as a consequence. Manuscript profile

Open Access Article

16 - Application of Market Timing Theory and Nonlinear Relation of Revised Pecking Order Theory to Corporate Capital Structure
Amin Heydari Mahmoud Hemmat far Mohammad Hassan Janani

10.30495/faar.2023.707969

Abstract In this research, using the market timing theory and the revised theory of pecking order, the factors affecting the choice of financing method are identified and prioritized. In this study, data of 183 companies listed on the Tehran Stock Exchange were collect More

Abstract In this research, using the market timing theory and the revised theory of pecking order, the factors affecting the choice of financing method are identified and prioritized. In this study, data of 183 companies listed on the Tehran Stock Exchange were collected. To collect information and data, the library method was used and in order to investigate the relationships between variables and test the hypotheses, the multiple regression model in Eviews software version 10 was used. The main hypotheses of this research are based on the fact that in order to make management decisions about the optimal capital structure of the company, we can act based on the model of market timing theory and revised theory of pecking order. In the results of this study, the companies in order to finance themselves, in fact, follow the theory of pecking order and market timing. The research findings show a non-linear ᴜ shape relationship between debt and deficit changes and a direct linear relationship between capital and deficit changes. Also, testing the model related to market timing shows a positive and significant relationship between the weighted average of external financing and capital structure. Manuscript profile

Open Access Article

17 - Identifing and ranking the affectinve factors on liquidity timing in Iranian mutual funds
hamid sabzali gholamreza zomorodian farhad hanifi

Mutual funds are one of the types of financial intermediaries, including institutions that sell their investment unit to the public, raise funds and invest them in a variety of securities. However, managing mutual funds is fraught with complexities and difficulties that More

Mutual funds are one of the types of financial intermediaries, including institutions that sell their investment unit to the public, raise funds and invest them in a variety of securities. However, managing mutual funds is fraught with complexities and difficulties that arise from achieving optimal returns and cash flow management as the most important management criteria. Market scheduling, meanwhile, is an important dimension for mutual funds. With this approach, in this study, an attempt has been made to identify and rank the factors affecting the timing of liquidity in Iranian mutual funds. The results of the study showed that the returns of parallel markets and stocks (weighing 0.206), bank interest rates (weighing 0.194) and political developments (weighing 0.193) are the most important external and macroeconomic factors that affect liquidity and liquidity timing in mutual funds. In addition, among the internal factors, the three variables of ability and management skills of the fund (weighing 0.206), net value and percentage of cash assets of the fund (weighing 0.1734) and the risks facing the fund (weighing 0.1726) are the most They have had an impact on liquidity and the timing of liquidity in mutual funds. Manuscript profile

Open Access Article

18 - Stock portfolio optimization of companies listed on the Tehran Stock Exchange based on a combination of two-level ensemble machine learning methods and multi-objective meta-innovative algorithms based on market timing approach
sanaz faridi amir daneshvar Mahdi Madanchi Zaj Shadi Shahverdiani

In this article, using the market timing approach and homogeneous and inhomogeneous collective learning methods, the purchase, maintenance and sales signal and market forecast are presented based on the basic characteristics, technical characteristics and time series of More

In this article, using the market timing approach and homogeneous and inhomogeneous collective learning methods, the purchase, maintenance and sales signal and market forecast are presented based on the basic characteristics, technical characteristics and time series of returns of each company in the 100 days leading to the current day. . Based on this, 208 companies were selected as active companies between 1390 and 1399 To teach data by two-level ensemble learning machine (HHEL) and market trend forecasting based on market timing strategy, use data from 5 years 1390 to 1394 and to test the data as stock portfolio optimization based on stock portfolio maximization and risk minimization. The investment portfolio uses MOPSO and NSGA II algorithms and is compared with the obtained investment portfolio with the buy and hold strategy. The results showed that the MOPSO algorithm achieved the highest stock portfolio yield with 96.437% compared to the NSGA II algorithm with a yield of 91.157% and the same investment method with a yield of 13.058%. Also, the portfolio risk in NSGA II algorithm was much lower than the portfolio risk in MOPSO algorithm with 0.792% and 1.367%, respectively Manuscript profile

Open Access Article

19 - Leaf Temperature as an Index to Determine the Irrigation Interval
ABDOLREZA EGHTEDARI NAEENI ELHAM MOHRI ESFAHANI MOHSEN BEIGI HARCHEGANI MEHRDAD JAFARPOUR MARYAM GOLABADI

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Open Access Article

20 - Nitrogen Management Options in Winter Rice under Boro- Fallow-T. Aman Cropping System
AMINA KHATUN A.B.M. MOSTAFIZUR B. J. SHIRAZY A. SAHA M. S. KABIR

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Open Access Article

21 - Estimating required administrative staffing based on timing method in Shiraz University of Medical Science
ehsan goraki rahim masoumi saeideh negahdari seyedjalil masoumi

The aim of this study is to determine an index for calculating required administrative human resources in staff department, and consequently specify the shortage or extra of employees working in organization. To determine the basic parameters for determining the adminis More

The aim of this study is to determine an index for calculating required administrative human resources in staff department, and consequently specify the shortage or extra of employees working in organization. To determine the basic parameters for determining the administrative workload and the volume of office work, a project has been carried out using Workout and timing methods in Shiraz University of Medical Sciences. The project steps include: recognizing and reforming process, mining activities, recording standard time by researcher made forms and chronometers, and finally calculating favorable workload. Then the effective factors on employee’s workload have been analyzed. The Pierson Correlation, Anova and T Student Statistical test through the SPSS and EXCELL software have been used for data analysis. The result showed that, none of the constituent elements of salary’s determination, including: work experiences, education, type of employment have no effect on workload. On the other hand, changing in the amount of workload, which have been assigned to the employee has no effect on their salary. But the employee’s workload is depended on the number of their colleagues, who are working in the same department. Therefore, it is considered as a criterion to determine the number of required secretary in administrative department. In conclusion, it is worth mentioning that suggested framework upon which the possibility of modifying the structure of continuous workload in, is provided order to evaluate employees and estimate the human resources required in government agencies using the results of this study. Manuscript profile

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