Random walk down the set, can we really beat the market using technical analysis?.
Research Seminar on Research for MUIC Development, Mahidol University International College, Thailand. January 19, 2007
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| Format: | Proceeding Book |
| Language: | English |
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2015
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| Online Access: | https://repository.li.mahidol.ac.th/handle/123456789/35009 |
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th-mahidol.350092023-04-12T15:29:42Z Random walk down the set, can we really beat the market using technical analysis?. Jiranart Sutthirat Mahidol University. Internationa College. Business Administration Division. Market efficiency Random walk Technical analysis Research Seminar on Research for MUIC Development, Mahidol University International College, Thailand. January 19, 2007 This study examines the potential benefit of employing the most commonly used Technical trading strategies on the Thai stock market. The study is based on the Stock Exchange of Thailand (SET) Index over the period of April 1975 to April 2006. Two hundreds and eighty eight different moving average and eighty different trading range break trading models are assessed. The findings reveal the predictive ability of technical trading rules. In the presence of transaction costs which are measured through our new method, results show that both variable-length and fixed-length moving average rules generate extra returns as compared to the buy-and-hold strategy. The trading-range-break rules, even though have return predictability, in some cases underperform the buy-and-hold strategy due to an inability to generate enough return to compensate for the commission fee. 2015-01-27T08:23:54Z 2018-11-20T02:02:17Z 2015-01-27T08:23:54Z 2018-11-20T02:02:17Z 2015-01-27 2007 Proceeding Book https://repository.li.mahidol.ac.th/handle/123456789/35009 eng Mahidol University |
| institution |
Mahidol University |
| building |
Mahidol University Library |
| continent |
Asia |
| country |
Thailand Thailand |
| content_provider |
Mahidol University Library |
| collection |
Mahidol University Institutional Repository |
| language |
English |
| topic |
Market efficiency Random walk Technical analysis |
| spellingShingle |
Market efficiency Random walk Technical analysis Jiranart Sutthirat Random walk down the set, can we really beat the market using technical analysis?. |
| description |
Research Seminar on Research for MUIC Development, Mahidol University International College, Thailand. January 19, 2007 |
| author2 |
Mahidol University. Internationa College. Business Administration Division. |
| author_facet |
Mahidol University. Internationa College. Business Administration Division. Jiranart Sutthirat |
| format |
Proceeding Book |
| author |
Jiranart Sutthirat |
| author_sort |
Jiranart Sutthirat |
| title |
Random walk down the set, can we really beat the market using technical analysis?. |
| title_short |
Random walk down the set, can we really beat the market using technical analysis?. |
| title_full |
Random walk down the set, can we really beat the market using technical analysis?. |
| title_fullStr |
Random walk down the set, can we really beat the market using technical analysis?. |
| title_full_unstemmed |
Random walk down the set, can we really beat the market using technical analysis?. |
| title_sort |
random walk down the set, can we really beat the market using technical analysis?. |
| publishDate |
2015 |
| url |
https://repository.li.mahidol.ac.th/handle/123456789/35009 |
| _version_ |
1781415635929006080 |