The Profitability of Technical Trading for Hotel Stocks under COVID-19 Pandemic
學年 110
學期 1
出版（發表）日期 2021-10-15
作品名稱 The Profitability of Technical Trading for Hotel Stocks under COVID-19 Pandemic
作品名稱（其他語言）
著者 Yulu Liao; Min-Yuh Day; Yirung Cheng; Paoyu Huang; Yensen Ni
單位
出版者
著錄名稱、卷期、頁數 Journal of Computers 32 (5), 44-54
摘要 In the real world, investors believe that they can receive more returns for trading stocks by utilizing technical analysis. However, due to the seriously worldwide breakout of COVID-19 from 2020, investors are not sure if they could outperform the market by applying the technical trading rules during this severe period. Thus, we conduct this study to investigate the profitability of stock trading with the use of technical indicators under COVID-19 pandemic. By trading the constituent stocks of Hotel Stock 20 Index (HSI 20) whose stock prices seem considerably declined after the outbreak of COVID-19, we discover that most of the trading rules utilized in this study fail to beat the market in the first half of the year 2020. The findings of this study may shed light on that investors should adopt technical trading rules with care when stock markets are severely affected by black swan events, such as COVID-19. We argue that the above issue would be rather impressive not only for market participants to avoid losses, even make profits, but also for the existing literature due to the rare discussion in the past.
關鍵字 hotel stocks;COVID-19;technical trading rules;stock markets;technical indicators
語言 en
ISSN 1991-1599
期刊性質 國內
收錄於 EI
產學合作
通訊作者
審稿制度 否
國別 TWN
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/123149 )