Clustering analysis in the evaluation of securities investment funds

Issue title: ICNC-FSKD 2015

Guest editors: Zheng Xiao and Kenli Li

Article type: Research Article

Authors: Zhang, Jieqiong^* | Yang, Kongyu

Affiliations: School of Information Management, Beijing Information Science & Technology University, Beijing, China

Correspondence: [*] Corresponding author. Jieqiong Zhang, School of Information Management, Beijing Information Science & Technology University, 12.East Qinghexiaoying RD., Haidian Dist., Beijing 100192, China. Tel.: +86 18813168687; E-mail: jqsuccess261@163.com.

Abstract: Clustering analysis as one of the key components of data mining has been widely applied. This paper aimed to apply a clustering algorithm to classify and evaluate securities investment funds. It established a fund evaluation index system by researching the indexes that are influenced by the performance of funds. It drew upon domestic and foreign mature funds evaluation theory and used the data mining function of Excel to establish a clustering analysis model. Finally, this paper used 40 equity funds as sample data to conduct an empirical research. The cluster results would be beneficial in evaluating funds’ performance and guiding the decision making on rational investment.

Keywords: Clustering analysis, evaluation, securities investment funds

DOI: 10.3233/JIFS-169024

Journal: Journal of Intelligent & Fuzzy Systems, vol. 31, no. 2, pp. 949-956, 2016