scholarly journals Technical analysis gives you courage, but not money-von the relationship between technical analisys usage, overconfidence and investment performance

2018 ◽  
Vol 1 (40) ◽  
pp. 317-344
Author(s):  
Elżbieta Kubińska ◽  
Marcin Czupryna ◽  
Łukasz Markiewicz ◽  
Jan Czekaj
Keyword(s):  
Technical Analysis ◽  
Investment Performance ◽  
The Relationship

Analisa Pemilihan Moda Transportasi Umum Rute Tanjung Karang – Bandara Radin Inten II Dengan Stated Preference dan Uji Crame’s V

2018 ◽  
Vol 2 (2) ◽  
pp. 137
Author(s):  
Muhammad Abi Berkah Nadi
Keyword(s):  
Regression Analysis ◽  
Utility Function ◽  
Stated Preference ◽  
Technical Analysis ◽  
Chi Square ◽  
Time Headway ◽  
Independent Variable ◽  
The Relationship ◽  
Selection Of

Radin Inten II Airport is a national flight in Lampung Province. In this study using the technical analysis stated preference which is the approach by conveying the choice statement in the form of hypotheses to be assessed by the respondent. By using these techniques the researcher can fully control the hypothesized factors. To determine utility function for model forecasting in fulfilling request of traveler is used regression analysis with SPSS program. The analysis results obtained that the passengers of the dominant airport in the selection of modes of cost attributes than on other attributes. From the result of regression analysis, the influence of independent variable to the highest dependent variable is when the five attributes are used together with the R square value of 8.8%. The relationship between cost, time, headway, time acces and service with the selection of modes, the provision that states whether or not there is a decision. The significance of α = 0.05 with chi-square. And the result of Crame's V test average of 0.298 is around the middle, then the relationship is moderate enough.

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

scholarly journals The Influence of Behavioural Finance Factors and the Moderating Effects of Contextual and Demographic Factors on Individual Investor’s Investment Performance

2020 ◽  
Vol 9 (3) ◽  
pp. 101
Author(s):  
Tuan Hamidon ◽  
Sampath Kehelwalatenna
Keyword(s):  
Stock Exchange ◽  
Investment Decision ◽  
Individual Investors ◽  
Investment Performance ◽  
Behavioural Finance ◽  
Investment Decision Making ◽  
Study Results ◽  
Aggregate Effect ◽  
Market Factors ◽  
The Relationship

Individual investors trading at the Colombo Stock Exchange (CSE), Sri Lanka, behave irrationally despite objective finance models available for them to refer in making rational decisions. Therefore this paper examines the irrationality by testing whether behavioural finance factors (BF), stock broker’s recommendations (SBR) as a contextual factor, and individual investor’s existing knowledge of the stock market (EK) as a demographic factor affect individual investor’s investment performance (IP). Heuristic behaviour, prospect behaviour and market factors were conceptualised as independent variables of the study whereas SBR and EK act as moderators on the relationship between BF and IP. Data of 221 individual investors of CSE during first half of 2019 were analyzed using structural models to draw empirical evidence to test hypotheses of the study. Results of the study reveal that market information and past stock trends as market factors have a significant bearing on investment decision making, which ultimately affect IP, while the aggregate effect of BF upholds a significant impact on IP. The results expose some novel findings such as: investors receive inferior financial returns when imitating other investors’ trading behaviour whilst trading on SBR; receive lower returns once trading on market factors whilst resuming SBR; and receive mediocre returns when EK is affirmative whilst following other investors’ decisions; and suffer losses when trading on market factors whilst exploiting EK. The findings imply that the stock brokers should not merely consider the output of objective finance models, but market wide herding, market manipulations, market factors and EK in investment recommendations.

Modeling of Some Related Parameters for Cracking Palm Nut in a Centrifugal Cracker

2013 ◽  
Vol 824 ◽  
pp. 255-261
Author(s):  
Orua O. Antia ◽  
Kessington Obahigbon ◽  
Emmanuel Aluyor ◽  
Patrick Ebunilo
Keyword(s):  
Kinetic Energy ◽  
Experimental Analysis ◽  
Geometric Mean ◽  
Technical Analysis ◽  
Mean Diameter ◽  
Nut Cracking ◽  
The Relationship ◽  
The Revolution

In this study, the principles underlying the energy involved during cracking in a vertical centrifugal nut cracker was analyzed. This will help to elucidate the relationship between various parameters that are relevant to the design and operation of the centrifugal nut cracker for the Tenera and Dura varieties. Experimental analysis was then carried out for each of the two varieties. Each variety was classified into size ranges based on their geometric mean diameter (GMD). Technical analysis revealed that the revolution per minute required by the rotor disc of a centrifugal nut for effective nut cracking is influenced by rotor disc radius (r) and nut dimensions (d1, d2, d3).The modeled equation developed could be used for predicting nut translational kinetic energy required to crack dried nut of the Dura and Tenera varieties to release high percentage of whole kernel.

Dream Characteristics of Stock Brokers after a Major Market Downturn

2002 ◽  
Vol 90 (3_part_2) ◽  
pp. 1097-1100 ◽  
Author(s):  
Jerry Kroth ◽  
Lisa Thompson ◽  
Judy Jackson ◽  
Lesa Pascali ◽  
Marie Ferreira
Keyword(s):  
Compensatory Mechanisms ◽  
Investment Performance ◽  
Major Market ◽  
Dow Jones Industrial Average ◽  
The Relationship

Dream characteristics of 28 stock brokers during the second worst weekly performance of the Dow Jones Industrial Average in the last 11 yr. were measured using the KJP Dream Inventory. Additional measures of powerlessness and stress were administered as well. Significant correlations appeared between the amount of stress brokers reported during this week and the appearance of recurring nightmares (.59), feelings of being chased (.42), and dreams’ pleasantness (–.64). The brokers’ clients’ investment performance was correlated significantly with changes in the brokers’ experience of traumatic dreams (–.51) and dreams of falling (–.43). Further, as the brokers’ own personal investments deteriorated overall, dreaming increased (.48), suggesting compensatory mechanisms. Results were discussed in terms of the relationship between onset of acute traumatic states and dreaming.

The impact of agency costs on the investment performance of Australian pension funds

2006 ◽  
Vol 5 (3) ◽  
pp. 299-324 ◽  
Author(s):  
ANTHONY D. F. COLEMAN ◽  
NEIL ESHO ◽  
MICHELLE WONG
Keyword(s):  
Agency Costs ◽  
Pension Fund ◽  
Conflicts Of Interest ◽  
Pension Funds ◽  
Performance Difference ◽  
Investment Performance ◽  
For Profit ◽  
Not For Profit ◽  
The Impact ◽  
The Relationship

This paper evaluates the overall investment performance of Australian pension funds by examining the determinants of risk-adjusted performance, and the relationship between risk, returns, and expenses. Using quarterly return data for 225 pension funds comprising 68% of total prudentially regulated pension fund assets, we find significant differences exist across fund types. On both a net return and risk-adjusted performance basis, not-for-profit funds significantly outperformed for-profit funds over the seven years to June 2002. We suggest that the performance difference is consistent with the hypothesis that agency costs in for-profit funds (due to non-representative trustee board structures and potential board member conflicts of interest) are greater than agency costs in not-for-profit funds (with representative trustee boards).

scholarly journals Investment Performance Comparison Between Roth And Traditional Individual Retirement Accounts

2011 ◽  
Vol 17 (1) ◽  
Author(s):  
George W. Kutner ◽  
Lloyd D. Doney ◽  
James P. Trebby
Keyword(s):  
Return On Investment ◽  
Performance Comparison ◽  
Rate Of Return ◽  
Tax Rates ◽  
Font Size ◽  
Investment Performance ◽  
Tax Rate ◽  
Individual Retirement Accounts ◽  
Retirement Accounts ◽  
The Relationship

<p class="MsoNormal" style="text-align: justify; margin: 0in 37.8pt 0pt 0.5in;"><span style="font-family: &quot;CG Times&quot;,&quot;serif&quot;; mso-bidi-font-style: italic;"><span style="font-size: x-small;">With the recent introduction of the Roth Individual Retirement Account (IRA) along with a significantly improved Traditional IRA, there has been considerable interest in comparing the performance of these investment vehicles.<span style="mso-spacerun: yes;">&nbsp; </span>Some confusion regarding these comparisons has evolved.<span style="mso-spacerun: yes;">&nbsp; </span>In this paper we show that this confusion may be attributed to scale and tax differences between the two investment vehicles.<span style="mso-spacerun: yes;">&nbsp; </span>We adjust for these differences by focusing on the after-tax rate-of-return on investment for each IRA vehicle.<span style="mso-spacerun: yes;">&nbsp; </span>We find that performance depends crucially on the relationship between an individual&rsquo;s tax rates at the time of investment and at the time of withdrawal.</span></span></p>

Kinerja dan Ukuran Usahatani Tebu di Kabupaten Malang Jawa Timur

2021 ◽  
Vol 5 (4) ◽  
pp. 1280-1289
Author(s):  
Arief Saputro ◽  
◽  
Nuhfil Hanani ◽  
Fahriyah Fahriyah
Keyword(s):  
Sampling Method ◽  
Control Variable ◽  
Technical Analysis ◽  
Survey Method ◽  
Data Envelopment ◽  
Sugar Production ◽  
Average Value ◽  
Optimal Scale ◽  
Technical Assessment ◽  
The Relationship

The low productivity of sugarcane in various regions, especially in production centers, has caused domestic sugar production to fluctuate and unable to meet national sugar needs. That is thought to be due to the inefficient use of inputs by sugarcane farmers, lack of access to capital and information, resulting in farmers being unable to provide the latest technology for sugarcane cultivation. The research objective was to analyze the performance of the sugar cane business in Malang Regency by measuring its technical analysis using the Data Envelopment Analysis (DEA) approach. This research was conducted using a survey method of 50 respondent sugarcane farmers in Malang Regency with the multistage random sampling method. The average total technical efficiency (TE CRS) of sugarcane farmers in Malang Regency is 0.766, the average value of pure technical assessment (TE VRS) is 0.829, and the average efficiency scale is 0.926. Farmers who are technically efficient at optimal scale (CRS) of 18% and 82% are not yet at optimal scale. Farmers who are not at an optimal scale are in an IRS condition of 50% and DRS condition of 32%. The result of correlation analysis shows that land areas as a control variable significantly affect the relationship between technical analysis and income, which shows a solid and positive value is 0.415.

Sign in / Sign up

Export Citation Format

Share Document