Chen, Su-Jane; Chen, Ming-Hsiang - In: Annals of Economics and Finance 10 (2009) 2, pp. 329-349
weak evidence over the post-1993 time period in favor of the passive buy-and-hold strategy. … stock market. Based on the signal, a market timing strategy is formulated and its performance relative to a passive buy-and-hold … strategy is tested with several performance evaluation methods. Empirical evidence derived from data of seven developed …