[DOWNLOAD] "Tests of Technical Trading Rules in the Asian-Pacific Equity Markets: A Bootstrap Approach." by Academy of Accounting and Financial Studies Journal # Book PDF Kindle ePub Free

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eBook details

• Title: Tests of Technical Trading Rules in the Asian-Pacific Equity Markets: A Bootstrap Approach.
• Author : Academy of Accounting and Financial Studies Journal
• Release Date : January 01, 2007
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 333 KB

Description

ABSTRACT This study examines the effectiveness of nine technical trading rules in eight Asian-Pacific equity markets for periods ranging from January 1987 to November 2005. The annualized returns from each trading rule are compared to a naive buy-and-hold strategy to determine profitability. The TSEC, Straits Times, Hang Seng, Jakarta, KOSPI and the BSE emerge as equity markets where technical trading rules may be profitable. There is no evidence of profitability for the other two markets, the Nikkei and the All Ordinaries. Disregarding statistical significance, the results reveal that 56 out of the 72 (77.8 per cent) trading rule variants tested on all data sets were profitable after accounting for

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