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Welcome to the Academy of Financial Service’s 2019 Annual Meeting being held in Minneapolis, Minnesota in conjunction with FPA’s Annual Conference 2019. This is the full agenda for AFS. For details on FPA items, visit their Full Schedule. Please report any errors to support@academyfinancial.org.
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Tuesday, October 15 • 10:30am - 11:20am
B2a Cross Country Differences in the Profitability from Technical Analysis Strategies

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In theory technical analysis may work because of three reasons: 1) herding behavior, 2) prices being partially revealing and 3) sentiments. Our empirical cross-country evidence from 50 countries shows that technical analysis indeed works particularly well in countries that score highly on different proxies for herding and information uncertainty. As a crude indication our combined set of proxies explain around 65% of the variation in cross country profits from technical analysis strategies. Our result may explain why studies using data from different countries find mixed results on the profitability of technical analysis.

Author(s): Jiali (Jasmine) Fang, Ben Jacobsen

Presenters
JJ

Jiali (Jasmine) Fang

Senior Lecturer, Massey University


Tuesday October 15, 2019 10:30am - 11:20am CDT
201 B

Attendees (1)