Technical Trading Rules and the Size of the Risk Premium in Security Returns.

Among analysts, technical trading rules are widely used for forecasting security returns. Recent literature provides edivende that these rules may provide positive profits after accounting for transaction costs. This would be contrary to the theory of the efficient market hypothesis which states that security prices cannot be forecasted from their past values or other past variables.

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Year of publication:	1996
Authors:	Gencay, R ; Stengos, T
Institutions:	Department of Economics and Finance, College of Business and Economics
Subject:	FINANCIAL MARKET \| RISK \| TRADE

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; G14 - Information and Market Efficiency; Event Studies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729377