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Is Wine a Good Choice for Investment?
Bouri, Elie - 2018
We extend our understanding on the role of wine investment within a portfolio of different assets (US/UK equities …-dominance approaches. The main findings suggest that wine is the best investment among all individual assets under study, and investors … investors in their investment processes and reveal the possibility of earning abnormal returns when wine is included in the …
Persistent link: https://www.econbiz.de/10012927259
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Can the Forecasts Generated from E/P Ratio and Bond Yield be Used to Beat Stock Markets?
Wong, Wing-Keung - 2013
This study tests the performance of stock market forecasts derived from technical analysis by means of a specific indicator. The indicator is computed from E/P ratios and bond yields. Several stock markets are studied over a 20-year period. Two test statistics are introduced to utilize the...
Persistent link: https://www.econbiz.de/10013088794
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Can the Forecasts Generated from E/P Ratio and Bond Yield Be Used to Beat Stock Markets?
Wong, Wing-Keung - 2016
This paper tests the performance of stock market forecasts derived from technical analysis by means of a specific indicator. The indicator is computed from E/P ratios and bond yields. Several stock markets are studied over a 20-year period. Two test statistics are introduced to utilize the...
Persistent link: https://www.econbiz.de/10013004301
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Can the Forecasts Generated from E/P Ratio and Bond Yield be Used to Beat Stock Markets?
Wong, Wing-Keung; Chew, Boon-Kiat; Sikorsk, Douglas - In: Multinational Finance Journal 5 (2001) 1, pp. 59-86
This paper tests the performance of stock market forecasts derived from technical analysis by means of a specific indicator. The indicator is computed from E/P ratios and bond yields. Several stock markets are studied over a 20-year period. Two test statistics are introduced to utilize the...
Persistent link: https://www.econbiz.de/10010938710
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Can the Forecasts Generated from E/P Ratio and Bond Yield be Used to Beat Stock Markets?
Wong, Wing-Keung; Chew, Boon-Kiat; Sikorski, Douglas - Department of Economics, National University of Singapore - 2002
This study tests the performance of stock market forecasts derived from technical analysis by means of a specific indicator. The indicator is computed from E/P ratios and bond yields. Several stock markets are studied over a 20-year period. Two test statistics are introduced to utilize the...
Persistent link: https://www.econbiz.de/10005481466
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Technical Analysis and Financial Asset Forecasting:From Simple Tools to Advanced Techniques
Chan, Raymond Hon Fu; Lee, Spike Tsz Ho; Wong, Wing-Keung - World Scientific Publishing Co. Pte. Ltd.
Technical analysis is defined as the tracking and prediction of asset price movements using charts and graphs in combination with various mathematical and statistical methods. More precisely, it is the quantitative criteria used in predicting the relative strength of buying and selling forces...
Persistent link: https://www.econbiz.de/10011156395
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Do REITs Outperform Stocks and Fixed-Income Assets? New Evidence from Mean-Variance and Stochastic Dominance Approaches
Chiang, Thomas Chinan - 2008
This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first-order stochastic dominance and no arbitrage opportunity...
Persistent link: https://www.econbiz.de/10012725914
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Panel Stochastic Dominance Test and Panel Informational Efficiency LR Test
de Peretti, Christian - 2015
This paper propose a new panel stochastic dominance (SD) test-PDD test, the asymptotic properties are derived, which extends Davidson and Duclos (DD) SD test to a panel context. The PDD test also contributes to settle one of the demerits while working with financial derivatives time series: that...
Persistent link: https://www.econbiz.de/10013022962
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China’s Stock Market Integration with a Leading Power and a Close Neighbor
Yi, Zheng - 2010
Current integration and co-movement among international stock markets has been boosted by increased globalization of the world economy, and profit-chasing capital surfing across borders. With a reputation as the fastest growing economy in the world, China's stock market has continued gaining...
Persistent link: https://www.econbiz.de/10013148170
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Empirical Test of the Efficiency of UK Covered Warrants Market : Stochastic Dominance and Likelihood Ratio Test Approach
Qiao, Zhuo - 2010
This paper first examines the efficiency of the UK covered warrants market by adopting a stochastic dominance (SD) approach to examine market efficiency. Our empirical analyses reveal that neither covered warrants nor the underlying shares stochastically dominate each other, which implies that...
Persistent link: https://www.econbiz.de/10013148254