淡江大學機構典藏:Item 987654321/125119
English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 64198/96992 (66%)
造訪人次 : 7986477      線上人數 : 4367
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧：
  • 您可在西文檢索詞彙前後加上"雙引號"，以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋，建議至進階搜尋限定作者欄位，可獲得較完整資料
    •  進階搜尋


    請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/125119


    題名: The Profitability of Seasonal Trading Timing: Insights from Energy-Related Markets
    作者: Ni, Yen-sen
    關鍵詞: Seasonal trading timing;Contrarian strategies;Momentum strategies;Seasonal effects;Technical trading rules;Energy/clean energy markets
    日期: 2023-10-30
    上傳時間: 2024-03-01 12:06:42 (UTC+8)
    摘要: Evaluating subsequent performance is critical in investment decision-making since investors make investment decisions now, but the profits generated will only be known later. However, the research on the significance of subsequent performance as trading signs issued by technical trading regulations in different seasons (hereafter referred to as seasonal effects) is limited and understudied, despite the widespread exploration of January and weekly effects in relevant studies. This study aimed to address this research gap and examine the impact of seasonal effects on clean energy and energy markets, revealing several critical findings. First, contrarian (momentum) trading rules generated better succeeding performance for the energy (clean energy) index than the clean energy (energy) index. Second, momentum (contrarian) trading rules generated better succeeding performance for the clean energy (energy) index than the energy (clean energy) index. Third, momentum (contrarian) trading rules exhibited stronger seasonal effects in Season 1 (Season 2) than in other seasons. Fourth, the analysis of RSI trading signals in Season 1 showed that the better succeeding index performance for clean energy was shown over 15% average holding period returns, compared to the near-zero mean daily returns for both clean energy and energy index returns over the data period. This study also indicates that considerable seasonal effects exist in both clean energy and energy markets.
    關聯: Energy Economics 128,　107132
    DOI: 10.1016/j.irfa.2023.102856
    顯示於類別:[管理科學學系暨研究所] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    index.html0KbHTML57檢視/開啟

    在機構典藏中所有的資料項目都受到原著作權保護.

    TAIR相關文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋