| URN |
etd-0612113-160033 |
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| Author |
Hsiu-yueh Wu |
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| Author's Email Address |
No Public. |
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| Statistics |
This thesis had been viewed 5589 times. Download 606 times. |
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| Department |
Finance |
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| Year |
2012 |
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| Semester |
2 |
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| Degree |
Master |
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| Type of Document |
|
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| Language |
zh-TW.Big5 Chinese |
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| Title |
Investment Performance of Technical Analysis on the Basis of Moving Average |
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| Date of Defense |
2013-06-25 |
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| Page Count |
52 |
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| Keyword |
Candlestick
Moving average
Williams Overbought/Oversold Index
Technical analysis
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| Abstract |
In this research, we attempt to test whether technical analysis can help investors earn positive returns with the trading strategy constructed on the basis of moving average. The proposed trading rules are based on moving average (MA) combined with Williams Overbought/Oversold Index (WMS%R) and a breakthrough red candlestick. We have chosen the firms listed in Taiwan 100 Mid-Cap Index as research samples with the sample period between 2001/01/01 and 2012/12/31. The results show that the trading rules used generate remarkable performance and can help earn positive returns with great probability. Empirical evidence indicates that there exist technical trading strategies which can help investors make a profit and that Taiwan Stock Market does not comply with weak form of efficient market hypothesis. |
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| Advisory Committee |
Ming-Chi Chen - chair
Yan-Shing Chen - co-chair
Chun-Hua Tang - advisor
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| Files |
Indicate in-campus at 0 year and off-campus access at 5 year. |
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| Date of Submission |
2013-07-12 |
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