Investing Research Articles

In their March 2005 paper entitled “Re-Examining the Profitability of Technical Analysis with White’s Reality Check and Hansen’s SPA Test”, Po-Hsuan Hsu and Chung-Ming Kuan examine the profitability of a very large universe of technical trading rules and strategies against the Dow Jones Industrial Average (DJIA), S&P 500, NASDAQ Composite and Russell 2000 stock indexes…. Keep Reading

Is this process too easy for the average investor?

…stock message boards, used with caution, have some value.

…Mr. Bennett would recommend focusing long-term, non-U.S. investments in Australia, Britain, Canada, Ireland, New Zealand and perhaps South Africa and India. “The Anglosphere is where the action is going to be.”

In case your mutual fund’s got you down…

…behavioral finance adds elements of human irrationality to the standard finance foundation concepts of Modern Portfolio Theory and Efficient Markets Hypothesis.

…a trading strategy based on simple moving averages is most appropriate for small capitalization stocks.

…stock market returns and volatility reflect investor uncertainty regarding the likelihood and nature of Congressional activity. This effect is economically significant.

In case the market’s got you down…

…the Fed Model better describes the behavior of the market P/E over the past forty years than does a mean-reverting model.