Can Investors Profit from Utilizing Technical Trading Rules during the COVID-19 Pandemic?
學年 111
學期 1
出版（發表）日期 2023-01-07
作品名稱 Can Investors Profit from Utilizing Technical Trading Rules during the COVID-19 Pandemic?
作品名稱（其他語言）
著者 Ni, Yen-sen
單位
出版者
著錄名稱、卷期、頁數 International Journal of Information Technology & Decision Making 22(6),　p.1893-1921
摘要 In the past, it was believed that investors may generate abnormal returns (AR) for trading stocks by employing technical trading rules. However, since the COVID-19 pandemic broke out, stock markets around the world seem to suffer a serious impact. Therefore, whether investors can beat the markets by applying technical trading rules during the period of COVID-19 pandemic becomes an important issue for market participants. The purpose of this study is to examine the profitability of trading stocks with the use of technical trading rules under the COVID-19 pandemic. By trading the constituent stocks of DJ 30 and NASDAQ 100, we find that almost all of the trading rules employed in this study fail to beat the market during the COVID-19 pandemic period, which is different from the results in 2019. The revealed findings of this study may shed light on that investors should adopt technical trading with care when stock markets are seriously affected by black swan events like COVID-19.
關鍵字 COVID-19;technical trading rules;stock markets;momentum strategies;contrarian strategies
語言 en_US
ISSN 1793-6845
期刊性質 國外
收錄於 SCI
產學合作
通訊作者
審稿制度 是
國別 USA
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/987654321/125124 )