Proceedings of the 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)

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Performance Evaluation of New Energy Fund Based on Factor Model

Authors
Wenshan Bai1, Jiayi Chen2, Yixiao Chu3, *, Tianyu Shi4
1University of Science and Technology Beijing, Beijing, 100083, China
2Columbia International College, Hamilton, L9C 0C5, Canada
3College of finance, Henan university of economic and law, Henan, 450046, China
4College of Science, Southwest Petroleum University, Chengdu, 610500, China
*Corresponding author. Email: 13952236044@163.com
Corresponding Author
Yixiao Chu
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-102-9_114How to use a DOI?
Keywords
Factor model; Performance evaluation; Selectivity; Market timing ability
Abstract

In recent years, China's fund industry has developed rapidly, especially in the new energy sector, which has shown highly promising prospects under the promotion of carbon neutral policies. However, due to the late start of China's fund industry and the paucity of research on fund performance in the new energy industry, the performance evaluation of new energy stock funds is particularly crucial. This paper mainly used the Treynor-Mazuy model and the Sharpe ratio of the fund to evaluate the stock selectivity and timing ability of China's new energy stock fund companies. Then, through factor analysis and principal component analysis, a new evaluation index was created to assess the comprehensive ability of fund managers. This research is intended to aid investors in evaluating and selecting funds, optimizing investment decisions, and promoting the rationalization and standardization of the market for new energy stock fund.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)
Series
Atlantis Highlights in Computer Sciences
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-102-9_114
ISSN
2589-4900
DOI
10.2991/978-94-6463-102-9_114How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Wenshan Bai
AU  - Jiayi Chen
AU  - Yixiao Chu
AU  - Tianyu Shi
PY  - 2022
DA  - 2022/12/29
TI  - Performance Evaluation of New Energy Fund Based on Factor Model
BT  - Proceedings of the 2022 2nd International Conference on Business Administration and Data Science (BADS 2022)
PB  - Atlantis Press
SP  - 1099
EP  - 1113
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-102-9_114
DO  - 10.2991/978-94-6463-102-9_114
ID  - Bai2022
ER  -