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dc.contributor.authorQueale, Justinen_NZ
dc.date.available2011-04-07T03:15:21Z
dc.date.copyright1999en_NZ
dc.identifier.citationQueale, J. (1999). An evaluation of technical trading rules: Evidence from the New Zealand share market (Thesis). Retrieved from http://hdl.handle.net/10523/1415en
dc.identifier.urihttp://hdl.handle.net/10523/1415
dc.description.abstractThis study has assessed whether an investor could follow a technical trading rule on 10 individual stocks from the New Zealand Share market and earn a superior return to a 'buy and hold' strategy of an equally weighted portfolio of those same 10 stocks. A five year sample period is used to test a range of simple and well known technical trading rules, with the best performing technical trading rule then applied to the post sample period to determine if a superior performance can be earned. A range of practical implementation issues, including brokerage costs and capital gains tax, were introduced and accounted for in the assessment of the two strategies. The results have been consistent with technical analysis being unable to generate returns in excess of a buy and hold strategy in an out of sample period. Several issues relating directly to technical analysis are subsequently discussed and applied in a New Zealand setting.en_NZ
dc.subjecttechnical trading ruleen_NZ
dc.subjectNew Zealand Share marketen_NZ
dc.subjectbuy and hold strategyen_NZ
dc.subjectequally weighted portfolioen_NZ
dc.subjectanalysisen_NZ
dc.subjectNew Zealanden_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshHG Financeen_NZ
dc.titleAn evaluation of technical trading rules: Evidence from the New Zealand share marketen_NZ
dc.typeThesisen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages35en_NZ
otago.date.accession2007-04-19en_NZ
otago.schoolFinanceen_NZ
thesis.degree.disciplineFinanceen_NZ
thesis.degree.grantorUniversity of Otagoen_NZ
thesis.degree.levelMasters Thesesen_NZ
otago.interloanyesen_NZ
otago.openaccessAbstract Only
dc.identifier.eprints648en_NZ
otago.school.eprintsFinance & Quantitative Analysisen_NZ
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