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    Quantifying stock market trading behavior using Google trends: the Philippine case
    (2013-12) Ubaldo, Victor Cesar I.; Mendoza, Gabriel Antonio M.; Alonzo, Ruperto P.
    Google Trends compiles search query volume of search terms. We relate this to the financial market by hypothesizing that search query volume can be an indicator of investor uncertainty. We assume that investors search for more information in the Internet when they are most uncertain about the state of the market. Conversely, investors may search for less information when they are optimistic about the market. Thus search terms related to finance may precede decreases in stock prices, while low search query volume might precede increases in stock prices. Moreover, if search query volume can help predict the movement of stock market prices, then profits may be made. Using a hypothetical portfolio in a time range of January 2004 to August 2013, we perform a strategy consisting of weekly decisions based on whether search query volume has relatively increased or decreased: long positions are made when search volume has relatively increased, and short positions are made when search volume has relatively decreased. In an alternate strategy, we make no transaction instead of making short positions. Using search volume data from Google Trends of 89 finance-related terms and using the Philippine Stock Exchange index as a basis for transaction gains, we found that the term success best predicts the stock market. We also test for Granger causality, in which we propose ·that success Granger causes the Philippine Stock Exchange index.
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    An analysis of the National Home Mortgage Finance Corporation and the Home Development Mutual Fund
    (1999-03-25) Guanzon, Abelardo Kris; Posadas, Carlos Raphael
    The Thesis analyzes the National Home Mortgage and Finance Corporation and the Home Development and Mutual fund, the two government agencies responsible in the financial aspect of the public sector housing in the Philippines. Through our research efforts to find out why is there such a huge backlog of housing in the Philippines, factors or reasons such as inadequate funding and inability of the homeless to avail of the many government housing programs turn up. Other factors such as population growth, poverty, zoning, and urbanization also crop up. We centered our efforts towards the financial aspect of the National Housing Program. How even with its limited and inadequate funding can the government be effective and efficient on its effort at curbing and eliminating the housing backlog of the country? Our findings and conclusion were based on the actual number of household assisted by agency through their major programs and program components through the years 1987-1997. We found out that the government can't even provide adequate funding for its ten year National Shelter Program (1987-1997). The National Shelter Program was envisioned to eliminate the huge housing backlog in the country or if not at least bring it to a manageable level. In our recommendation we highlight the need for the active participation of the private sector through Securitization of housing project. This entails the development of the primary and secondary mortgage markets in order to achieve a modern housing finance system. We also encouraged the government to refocus its participation in the housing industry to where it can effectively and efficiently maximize its resources, which is in the indirect housing finance provision.