Dissertation > Economic > Fiscal, monetary > Finance, banking > Finance, banking theory > Financial market > Securities market

Traditional technical analysis invalid empirical methods to improve

Author LiXiangMing
Tutor WangYaXiong
School Hunan University
Course Statistics
Keywords Technical Analysis Invalidity Improvement An Empirical Study
CLC F830.91
Type Master's thesis
Year 2003
Downloads 386
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Fundamentally, how reasonable understanding of the use of technical analysis methods , we must answer as an investor , our understanding and practical guidance , on the one hand , a direct result of our personal investment , and the other , our joint force will also affect the healthy development of China's securities market , technical analysis should be carried out in-depth study . Absorbed in the process of writing this article , in order to highlight the systematic research on technical analysis , technical analysis discussed some of the views of others , and on this basis , using appropriate methods according to their own understanding of the systematic deepening further put forward their own views . People generally feel that no matter the conditions of technical analysis , we start from the definition of technical analysis , comparative analysis of the major achievements of domestic and foreign technical analysis and technical analysis and the use of the current situation and existing problems in-depth and detailed analysis . The deficiencies of the existing technical analysis methods , from an empirical point of view , the ineffectiveness of the traditional technical analysis methods , statistical analysis found that traditional graphical analysis tends to be invalid ; analysis of very limited use of traditional indicators . Traditional indicators analysis of A-share market in the early ( 1990/12/19 ~ 1992/05/21 ) can indeed guide investment and short-term analysis is more effective than long-term analysis , but after 1992/05/21 traditional indicators get \income \Because of the disadvantages of the traditional methods of technical analysis , this paper based on statistical analysis of a series of new investment analysis methods , such as : correlation analysis, cluster analysis , principal component analysis and factor model analysis . Finally, the comparative analysis of the effect of the old and new methods of technical analysis and draw new technical analysis method is superior to traditional methods of technical analysis conclusions . In addition, some useful exploration and research the use of modern scientific techniques and methods of technical analysis .

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