Patterns of Individual Stock Price Among different Categories in the Taiwan Stock Market and Trading Test Combining Momentum with Contrarian Strategies
| Autor: | Huang, Chih-Hung, 黃志弘 |
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| Rok vydání: | 2011 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 99 The major purpose of this study is to uncover simple trading strategies, which can earn more returns than bank deposits, for small investors, This research is divided into two parts. In the first part, I explore the trend of Taiwan Weighted Stock Index (TWSE) as well as patterns of some well-known individual stock prices among different categories using historical data. In the second part, I combine momentum and contrarian strategies with the concept of Curtis (2007) revealed in his book Way of the Turtle to construct trading strategies. These strategies mainly follow trends and make no predictions about future stock prices. Traders should discard their subjective opinions and obey the pre-determined trading rules completely while using these strategies. Finally, average annual rate of return, average earn/loss ratio and winning ratio are employed to measure performance of these strategies during distinct time periods. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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