The profitability of trading US stocks in Quarter 4-evidence from trading signals emitted by SOI and RSI.
學年 111
學期 2
出版（發表）日期 2023-05-21
作品名稱 The profitability of trading US stocks in Quarter 4-evidence from trading signals emitted by SOI and RSI.
作品名稱（其他語言）
著者 Min-Yuh Day; Yirung Cheng; Paoyu Huang; Yensen Ni
單位
出版者
著錄名稱、卷期、頁數 Applied Economics Letters 30(9), p.1173-1178
摘要 Since the yields of trading stocks are affected by numerous elements, this study aims to explore whether the profitability of trading stock with the use of technical trading rules, such as Stochastic Oscillator Indicators (SOI) and Relative Strength Index (RSI), would matter in the fourth quarter of the year. By employing the data of Dow Jones 30 (DJI 30) and NASDAQ 100 (NDX100) from 2011 to 2020 and from 1991 to 2020, this study reports that investors applying SOI and RSI would have higher cumulative abnormal returns (CARs) in Quarter 4 as compared with those in Quarters 1–3, respectively. The revealed findings indicate that the quarterly effect should be taken into account by investors when trading DJI 30 and NDX100, the representative indices for US stock markets. More importantly, this study may contribute to the existing literature due to the rare discussion of this interesting issue in the past research.
關鍵字 Cumulative abnormal returns (CARs);relative strength index (RSI);stochastic oscillator indicator (SOI);quarterly effect
語言 en
ISSN 1466-4291; 1350-4851
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/125154 )