An Empirical Study on the Relationship of Trading Volume and Price and Trend Reverse in Taiwan Stock Market
| Autor: | Yen-Chin Chen, 陳彥瑾 |
|---|---|
| Rok vydání: | 2015 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 103 The purpose of this study is summarized in stock market volume and price relationship to the Taiwan Weighted Stock Index for the study, use transaction data from January 1986 to September 2014, and use Excel software to draw K line graph. For the weighted index of long-term (monthly K), medium term (weeks K) and short-term (day K) closing price and volume data, analyze the relationship between the volume and price. With long-term (months K) as a reference, analyze the monthly closing price and volume from January 1986 to September 2014, a total of 28 years and 9 months. The market is divided into four cycle waves, choose the four highest prices and the three lowest prices since January 1989 in Taiwan''s stock market, and analyze the months'' closing price and volume, conclude with "when the highest price occurs; though the volume is not the largest, but it is relatively large," "when the lowest price appears, though the volume is not the minimum, but it is a relatively small." With mid-term (weeks K) as a reference, the market is divided into four cycle waves, then choose the wave in the bull trend, and analyze week''s closing price and volume, conclude with "rising values increase in volume." Choose the wave in the bear trend, and analyze week''s closing price and volume; come to "falling price decrease in volume." With medium-term (weeks K) as a reference, the market is divided into four cycle waves, choose bull and bear market trend in the four cycle waves, analyze the four highest and lowest closing prices and volume, and then calculate time of the maximum volume and the highest price appears, and time of the minimum volume and the lowest price appears, come to a relationship " volume leads price." With Short-term (day K) as a reference, the market is divided into four cycle waves, choose the wave in the bull trend and analyze day’s closing price and volume, conclude with "rising values increase in volume, falling price decrease in volume (conformance of volume and price)." Choose the wave in the bull trend and analyze day’s closing price and volume, come to “rising values decrease in volume, falling price increase in volume (volume and price deviation)." |
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