Evidence map›Paper›PMID 36548250›Full record

ArticlePloS one2022

RETRACTED: Entropy-based financial asset pricing: Evidence from Pakistan.

Sheng Wang, Sher Ali Khan, Mubbasher Munir, Reda Alhajj, Yousaf Ali Khan

RetractedAbstract readRetracted Publication
In one paragraph

Article in PloS one, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. It has been retracted, and should not be counted. Cited by 4 papers.

0numbers the graph read from it
0cells of the map it votes in
4citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

4 citing papers in PubMed.

  1. Article
  2. Review
  3. Article
  4. Article
4 · The record

Corrections and comments

5 · Who and what money

Authors and funding

5 authors.

Sheng WangSchool of Business and Economics, University Putra Malaysia, Serdang, Selangor, Malaysia.
Sher Ali KhanSchool of Management Science, Riphah International University, Islamabad, Pakistan.
Mubbasher MunirDepartment of Economics and Statistics, HSM, University of Management and Technology, Lahore, Pakistan.ORCID 0000-0001-7532-2512
Reda AlhajjSchool of Engineering and Natural Sciences, Istanbul Medipol University, Istanbul, Turkey.
Yousaf Ali KhanDepartment of Mathematics and Statistics, Hazara University, Mansehra, Pakistan.ORCID 0000-0001-9508-7740

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

Entropy is an alternative measure to calculate the risk, simplify the portfolios and equity risk premium. It has higher explanatory power than capital asset price model (CAPM) beta. The comparison of Entropy and CAPM beta provide in depth analysis about the explanatory power of the model that in turn help investor to make right investment decisions that minimizes risk. In this context, this study aims to compare Shannon and Rennyi Entropies with the CAPM beta for measuring the risk. Ordinary Least square approach has been utilized using a dataset of 67 enterprises registered in Pakistan Stock exchange. The comparative analysis of CAPM beta and entropy has been carried out with the R2 parameters. The result indicates that entropy has more explanatory power as compare to CAPM beta's explanatory power, and this turns out to be the best option to evaluate the risk performances. The result implies that an investor should make the best investment decision by choosing an enterprise that provide with good returns at minimum risk based on entropy technique.

Indexed as

Financial StatementsCosts and Cost AnalysisEntropyPakistanRisk

Identifiers

PMID36548250
PMCPMC9778568

What OpenQuestion holds

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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.