scholarly journals Using Trend Ratio and GNQTS to Assess Portfolio Performance in the U.S. Stock Market

IEEE Access ◽  
2021 ◽  
pp. 1-1
Author(s):  
Yao-Hsin Chou ◽  
Yun-Ting Lai ◽  
Yu-Chi Jiang ◽  
Shu-Yu Kuo
Keyword(s):  
Stock Market ◽  
Portfolio Performance ◽  
The U.S

scholarly journals Emerging Equity Markets: To Invest Or Not To Invest?

2011 ◽  
Vol 22 (1) ◽  
Author(s):  
Xavier Garza-Gómez ◽  
Massoud Metghalchi
Keyword(s):  
Stock Market ◽  
Emerging Markets ◽  
Equity Markets ◽  
Portfolio Performance ◽  
Specific Time ◽  
Ex Post ◽  
Time Periods ◽  
The U.S ◽  
Over Time

Numerous studies suggest that investors diversifying their portfolios with equity of emerging markets benefit from increased returns and/or reduced volatility. Using a 16-year sample from 1988 to 2003, we test this assertion and find that ex-post benefits to U.S. investors in this period are small. Our tests show that the improvement in portfolio performance is not consistent through time, and it is statistically significant only when we restrict our analysis to some regions and/or specific time periods. We find that the lack of significant gains of diversifying into emerging markets is caused by problems with the two main sources of diversification benefits: contrary to expectations, emerging markets have low relative realized returns and their correlation with the U.S. stock market has increased over time.

scholarly journals EARNINGS ANNOUNCEMENTS AND COMPETING INFORMATION: THE INDONESIAN EVIDENCE

2015 ◽  
Vol 29 (1) ◽  
Author(s):  
Dedhy Sulistiawan ◽  
Jogiyanto Hartono ◽  
Eduardus Tandelilin ◽  
Supriyadi Supriyadi
Keyword(s):  
Stock Market ◽  
Empirical Evidence ◽  
Earnings Announcements ◽  
Negative Relationship ◽  
Technical Analysis ◽  
Earnings Announcement ◽  
Price Reaction ◽  
Price Reactions ◽  
The Relationship ◽  
The U.S

The main purpose of this study is to provide empirical evidence of the relationship betweeninvestors’ responses to two events, which are, (1) earnings anouncements, and (2) technicalanalysis signals, as competing information. This study is motivated by Francis, et al. (2002),whose study used stock analyst’s recommendations as competing information in the U.S stockmarket. To extend that idea, this study uses technical analysis signals as competing informationin the Indonesian stock market. Using Indonesian data from 2007-2012, this study shows thatthere are price reactions on the day of a technical analysis signal’s release, which is prior toearnings announcements. It means that investors react to the emergence of competinginformation. Reactions on earnings announcements also produce a negative relationship withthe reaction to a technical analysis signal before an earnings announcement. This study givesevidence about the importance of technical analysis as competing information to earningsannouncements.Keywords: competing information, earnings announcements, technical analysis, price reaction

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