An Analysis of Stock Market Anomalies at the Austrian Exchange - Celik, Taylan
32,99 €
inkl. MwSt.
Versandkostenfrei*
Versandfertig in 1-2 Wochen
payback
16 °P sammeln
  • Broschiertes Buch

Over the past decades financial economists have published numerous stock return patterns related to calendar time. The list encompasses the January effect, Monday effect, turn-of-the-month-effect, holiday effect and Halloween effect, to name just a few. 'The Economist'dismissed any trading rule which is not strong enough to out-perform a Buy & Hold strategy on a risk-adjusted basis to be economically insignifi-cant. Bouman and Jacobsen (2002) asthe poisoners for a statistical proven Hallow-een effect with an analysis of 37 markets found out that 36 of them experienced sig-nificant…mehr

Andere Kunden interessierten sich auch für
Produktbeschreibung
Over the past decades financial economists have published numerous stock return patterns related to calendar time. The list encompasses the January effect, Monday effect, turn-of-the-month-effect, holiday effect and Halloween effect, to name just a few. 'The Economist'dismissed any trading rule which is not strong enough to out-perform a Buy & Hold strategy on a risk-adjusted basis to be economically insignifi-cant. Bouman and Jacobsen (2002) asthe poisoners for a statistical proven Hallow-een effect with an analysis of 37 markets found out that 36 of them experienced sig-nificant November-April (winter period) returns as opposed to May-October (sum-mer period) returns. Their argumentation stated that the winter period outperforms the summer period on a regular bases. They also introduced a Halloween strategy suggestingan investment into the winter periods andwith the proceeds to invest inrisk free options (government bonds) in summer periods whereby this approach would considerable beat the Buy & Hold strategy.This paper examines the robust-ness of the Halloween effect together with the Halloween strategy set against the Buy & Hold strategy for the Austrian stock exchange.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Autorenporträt
Taylan Celik was born in Austria and pursued his BA studies about International Business & Business Law in London and completed it with success. After gaining some experience in that field he went back to Austria to hone his expertise at the University of Applied Science in Kufstein where he complete his Master studies in Business.