The Effects of Initial Stock Prices on the Analysis of Asset Value Function for Capital Market

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Published: 2023-08-14

Page: 255-264

I. U. Amadi *

Department of Mathematics & Statistics, Captain Elechi Amadi Polytechnics, Port Harcourt, Nigeria.

C. F. Uchechukwu

Department of Mathematics & Statistics, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Nigeria.

P. A. Azor

Department of Mathematics & Statistics, Federal University, Otuoke, Nigeria.

*Author to whom correspondence should be addressed.


The chances of a trader or an investor in capital market lies majorly on some levels of decision due to asset values and its returns, which is the basis of a system working assiduously. In this paper a stochastic model was proposed using time delay as a key parameter. The analytical solution was obtained which determined asset values and its return rates for only periodic events by means of additive effects. A goodness of fit test was obtained to show or identify classes of probability distributions the random processes of which generated the asset values based on the variation of initial sock- prices under-study. However, the Tables, graphical results and the impact of time delay was effectively discussed for all the periods.

Keywords: Asset value, goodness of fit test, additive effects, SDE and SDDE

How to Cite

Amadi , I. U., Uchechukwu , C. F., & Azor , P. A. (2023). The Effects of Initial Stock Prices on the Analysis of Asset Value Function for Capital Market. Asian Journal of Economics, Finance and Management, 5(1), 255–264. Retrieved from


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