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Title: Technical and behavioural analysis: Unification, limitations and hedging strategies
Authors: TAN KIAT AN
Keywords: Technical analysis, Index, earnings estimates
Issue Date: 15-Aug-2009
Citation: TAN KIAT AN (2009-08-15). Technical and behavioural analysis: Unification, limitations and hedging strategies. ScholarBank@NUS Repository.
Abstract: The investigation of this thesis consists of two parts. In the first part, the study investigates the phenomenon of inclusion and exclusion of index component stocks from the Singapore Straits Times Index (STI) and its impact on future stock returns. Subsequently, trading systems derived from technical analysis are further applied to incoming and outgoing stocks of STI from 2001 to 2007. In the second part of the study, the phenomenon of earnings release and analysts' earnings forecast are studied to determine its impact on future stock returns. Using analysts' estimates data, analysts with consistent accurate earnings estimates are selected and investigation is done to determine if abnormal stock returns exist when actual earnings deviate substantially from the earnings estimates of these analysts.These two studies can then be brought together to understand how technical and behavioural analysis of the stock market can be used to better forecast future stock returns.
Appears in Collections:Master's Theses (Open)

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