Monday, July 14, 2014
Sentiment and the Effectiveness of Technical Analysis: Evidence from the Hedge Fund Industry
By David M. Smith, State University of New York at Albany; Na Wang, Hofstra University; Ying Wang, State University of New York at Albany; and Edward J. Zychowicz, Hofstra University
In their paper the authors present a unique approach to test whether technical analysis is a more useful investment tool in high sentiment periods than in low sentiment periods. Rather than testing individual technical rules, the authors focus on hedge fund managers and consider their employment of technical analysis in different sentiment periods.
Download the full article here.
From the July 2014 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
In their paper the authors present a unique approach to test whether technical analysis is a more useful investment tool in high sentiment periods than in low sentiment periods. Rather than testing individual technical rules, the authors focus on hedge fund managers and consider their employment of technical analysis in different sentiment periods.
Download the full article here.
From the July 2014 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Labels: Barclay Insider Report, Barclay Insider Report Guest Article, fund performance, hedge funds, investor sentiment, risk, technical analysis, timing ability
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