Testing the robustness of moving average distance in the ASEAN stock markets

• Main Authors: Cerdena, Ma. Rica, Romero-Salas, Santiago Miguel Luna, Simmons, David Moldez
• Format: text
• Language: English
• Published: Animo Repository 2022
• Subjects: Stock exchanges—Southeast Asia; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etdb_econ/53; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1064&context=etdb_econ
• Institution: De La Salle University

Several researches have provided empirical evidence that moving average distance (MAD) can be used in predicting equity returns focusing on developed markets. These ultimately challenge the proposition of the efficient market hypothesis (EMH) theory that historical prices cannot be used to create a...