TRADING RULES ON A SMALL STOCK MARKET
In this article, the results of an extensive study of the weak form efficiency of the Iceland stock market are presented. This study almost covers the market’s entire history, with the research starting at the beginning of 1993 and ending in July 2017. Four trading rules based on 70-day moving avera...
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| Format: | Article in Journal/Newspaper |
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| Online Access: | http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2018/03/OJBE_31_p4_45-55.pdf |
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ftrepec:oai:RePEc:ora:jrojbe:v:3:y:2018:i:1:p:46-55 2024-04-14T08:13:39+00:00 TRADING RULES ON A SMALL STOCK MARKET Stefán B. Gunnlaugsson http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2018/03/OJBE_31_p4_45-55.pdf unknown http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2018/03/OJBE_31_p4_45-55.pdf article ftrepec 2024-03-19T10:26:07Z In this article, the results of an extensive study of the weak form efficiency of the Iceland stock market are presented. This study almost covers the market’s entire history, with the research starting at the beginning of 1993 and ending in July 2017. Four trading rules based on 70-day moving averages were constructed and compared with the passive investment strategy of buying the market index. All of these trading rules provided significantly better returns than the passive strategy, even when considering trading costs. This result indicates that the Icelandic stock market did not show weak form efficiency, and past returns predicted future returns during the period examined. Icelandic stock market, trading rules, weak form efficiency. Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) |
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Open Polar |
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RePEc (Research Papers in Economics) |
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ftrepec |
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unknown |
| description |
In this article, the results of an extensive study of the weak form efficiency of the Iceland stock market are presented. This study almost covers the market’s entire history, with the research starting at the beginning of 1993 and ending in July 2017. Four trading rules based on 70-day moving averages were constructed and compared with the passive investment strategy of buying the market index. All of these trading rules provided significantly better returns than the passive strategy, even when considering trading costs. This result indicates that the Icelandic stock market did not show weak form efficiency, and past returns predicted future returns during the period examined. Icelandic stock market, trading rules, weak form efficiency. |
| format |
Article in Journal/Newspaper |
| author |
Stefán B. Gunnlaugsson |
| spellingShingle |
Stefán B. Gunnlaugsson TRADING RULES ON A SMALL STOCK MARKET |
| author_facet |
Stefán B. Gunnlaugsson |
| author_sort |
Stefán B. Gunnlaugsson |
| title |
TRADING RULES ON A SMALL STOCK MARKET |
| title_short |
TRADING RULES ON A SMALL STOCK MARKET |
| title_full |
TRADING RULES ON A SMALL STOCK MARKET |
| title_fullStr |
TRADING RULES ON A SMALL STOCK MARKET |
| title_full_unstemmed |
TRADING RULES ON A SMALL STOCK MARKET |
| title_sort |
trading rules on a small stock market |
| url |
http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2018/03/OJBE_31_p4_45-55.pdf |
| genre |
Iceland |
| genre_facet |
Iceland |
| op_relation |
http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2018/03/OJBE_31_p4_45-55.pdf |
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1796311671606607872 |