The profitability of trading rules and volatility in emerging financial markets
Moosa, Imad A
The profitability of trading rules and volatility in emerging financial markets Imad A. Moosa, and Husain AL Muraikhi, - Hyderabad The ICFAI university Press 2007 - 208 p. Paper
Contents :
Preface
Introduction
Speculation on the Basis of Expectation Formation
Speculation on the Basis of Technical Analysis
Speculation on the Basis of Technical Trading Rules
Speculation on the Basis of Fundamental Analysis
Speculation on the Basis of the Price-Volume Relation
Putting Things Together: Heterogeneity and Volatility
The Role of Technicians and Fundamentalists in Kuwait's Financial Markets
Summary and Conclusions
References
Index
This book is a study of the profitablity of technical and fundamental trading rules in emerging financial markets (stock and foreign exchange markets) using Kuwait as a case study. The ultimate objective of the study is to demonstrate that financial volatility can be attributed to the heterogeneity of traders with respect to the trading strategies they use.
A number of trading strategies are considered, including those baed on expectation formation mechanism, quantitative technical indicators, filter rules, movingaverage rules, fundamentals trading rules, and the price-volume relations. The profitability of each trading rule in the price-volume relations. The profitability of each trading rule is then compared to the profitablity of a passive buy and hold strategy. Based on the profitablity of these rules, weight are assigned to each strategy to simulate financial prices (two stock prices and two exchange rates).
About Author :
Imad A Moosa is a Professor of Finance at Monash University, Melbourne, (Australia). Before turning academic in1991, Dr. Moosa was a professional economist, an investment banker anda financial journalist.
Husain Al-Muraikhi is an Assistant Professor of Economics and Finance at the Public Authority for Applied Education and Training (PAAET), Kuwait> He holds a PhD in Economics from La Trobe University, Melbourne (Australia) and an MBA from the University of Dayton, Dayton (U.S.A.).
8131407179
Trading
Technical analysis
332.64
The profitability of trading rules and volatility in emerging financial markets Imad A. Moosa, and Husain AL Muraikhi, - Hyderabad The ICFAI university Press 2007 - 208 p. Paper
Contents :
Preface
Introduction
Speculation on the Basis of Expectation Formation
Speculation on the Basis of Technical Analysis
Speculation on the Basis of Technical Trading Rules
Speculation on the Basis of Fundamental Analysis
Speculation on the Basis of the Price-Volume Relation
Putting Things Together: Heterogeneity and Volatility
The Role of Technicians and Fundamentalists in Kuwait's Financial Markets
Summary and Conclusions
References
Index
This book is a study of the profitablity of technical and fundamental trading rules in emerging financial markets (stock and foreign exchange markets) using Kuwait as a case study. The ultimate objective of the study is to demonstrate that financial volatility can be attributed to the heterogeneity of traders with respect to the trading strategies they use.
A number of trading strategies are considered, including those baed on expectation formation mechanism, quantitative technical indicators, filter rules, movingaverage rules, fundamentals trading rules, and the price-volume relations. The profitability of each trading rule in the price-volume relations. The profitability of each trading rule is then compared to the profitablity of a passive buy and hold strategy. Based on the profitablity of these rules, weight are assigned to each strategy to simulate financial prices (two stock prices and two exchange rates).
About Author :
Imad A Moosa is a Professor of Finance at Monash University, Melbourne, (Australia). Before turning academic in1991, Dr. Moosa was a professional economist, an investment banker anda financial journalist.
Husain Al-Muraikhi is an Assistant Professor of Economics and Finance at the Public Authority for Applied Education and Training (PAAET), Kuwait> He holds a PhD in Economics from La Trobe University, Melbourne (Australia) and an MBA from the University of Dayton, Dayton (U.S.A.).
8131407179
Trading
Technical analysis
332.64