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The profitability of moving average trading rules in BRICS and emerging stock markets
Sobreiro, Vinicius Amorim; da Costa, Thiago Raymon Cruz Cacique; Nazário, Rodolfo Toríbio Farias; Lima e Silva, Jéssica; Filho, Marcius Correia Lima; Kimura, Herbert; Arismendi Zambrano, Juan
Technical analysis and trading systems have been widely used by practitioners in financial markets. Since some academic studies have highlighted that these tools can generate positive alphas when compared with a buy-and-hold strategy, we studied the main stocks of the BRICS and emerging markets. We considered the period from 2000 to 2015 and observed different combinations of moving average strategies and periods. The main results indicate that, for some countries, there is a combination of periods for moving averages producing better outcomes.
Keyword(s): BRICS; Emerging markets; Moving average; Technical analysis; Trading systems
Publication Date:
Type: Journal article
Peer-Reviewed: Yes
Institution: Maynooth University
Citation(s): Sobreiro, Vinicius Amorim and da Costa, Thiago Raymon Cruz Cacique and Nazário, Rodolfo Toríbio Farias and Lima e Silva, Jéssica and Filho, Marcius Correia Lima and Kimura, Herbert and Arismendi Zambrano, Juan (2016) The profitability of moving average trading rules in BRICS and emerging stock markets. North American Journal of Economics and Finance, 38. pp. 86-101. ISSN 1062-9408
Publisher(s): Elsevier
File Format(s): other
Related Link(s):
First Indexed: 2018-11-13 06:01:02 Last Updated: 2018-11-13 06:01:02