Dimension

Item No.

Elements

Factor Loadings

Communalities

Eigenvalue

Explained Variance

F1:

Overconfidence and Optimism

V₁

You have better knowledge and skill compared to others

0.560

0.708

4.633

13.238

V₃

You are confident about securities you invest in and never regret for your past investment decisions

0.724

0.680

V₄

You have more expertise to select good securities better than others

0.578

0.738

V₅

You are able to evaluate and manage your portfolio on your own

0.573

0.717

V6

You have better understanding of the security market

0.640

0.589

V₇

NSE and BSE indices though are declining yet you believe it will gain momentum, as such you continue to increase your investment

0.740

0.704

V₂₀

You are always confident that Indian Stock has high potential of growth

0.675

0.508

V₃₀

You usually take good financial decisions

0.675

0.582

F2:

Heuristics

V₂

You avoid selling stocks that have decreased in value and readily sell stocks that have increased in value

0.836

0.702

4.062

11.606

V₁₅

While taking investment decisions you prefer to go with your gut feeling

0.688

0.680

V₁₇

Before you purchase a stock you do conduct its thorough technical analysis

0.838

0.708

V₂₇

You evaluate increase or decrease in the share prices with reference to some fixed price

0.579

0.550

V₂₈

Recent information about a stock always comes to your mind and affects your stock selection

0.635

0.733

V₂₉

If a particular sectors performs nicely, you believe that all stocks of that sector will have better performance

0.580

0.532

V₃₁

You prefer to buy stocks if buy volume of such stock is healthy.

0.694

0.514

F3:

Rationality

V₈

You base all your decisions regarding stock selection on fresh publicly available information such as EPS, DPS, PER, stock splits etc.

0.625

0.573

3.825

10.930

V₉

You feel security prices reflect all new publicly information.

0.568

0.574

V₁₉

You feel stock prices adjust quickly to new publicly available information and this information is free and is quickly received by the market

0.741

0.567

V₂₁

You feel no investor or group of investors have monopolistic access to information having impact on stock prices.

0.710

0.574

V₂₂

You feel past return and other historical market data have no relationship with future return and do not influence your investment decisions.

0.640

0.512

V₂₄

You never pay heed towards any rumour about stock/market as whole

0.762

0.641

V₃₂

You only use historical data to estimate future values and invest on the basis of these estimates.

0.510

0.667

F4:

Faith

V₁₀

You normally invest in Islamic Shari’ah complaint stocks only.

−0.645

0.669

2.748

7.851

V₁₂

You invest in equity market because there is no predetermined return specified on the stocks you buy.

0.614

0.674

V₂₃

You invest only in equity stock market or the business ventures where you expect share of profit contrary to sure interest income.

0.678

0.757

V₁₉

You choose only stocks of those companies who normally do not have debt in capital structure.

0.705

0.702