Potential gains from sector timing in Taiwan

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dc.contributor.authorHsieh, Heng-Hsing
dc.date.accessioned2017-02-28T12:00:40Z
dc.date.available2017-02-28T12:00:40Z
dc.date.issued2013
dc.description.abstractThe dominance of the electronic sector in the Taiwanese stock market and the relatively low historical correlation between the Taiwanese electronic and financial sector indexes call for the exploration of sector diversity in the Taiwanese stock market. This study investigates the effectiveness of sector timing in Taiwan by evaluating the likely outcomes from switching between the electronic and the financial indexes for data spanning the period December 1999 through December 2012. The proposed sector timing strategy could be implemented using Taiwanese sector index futures. The market timer is assumed to have different timing abilities in the electronic-dominant market and the financial-dominant market. The main results of the research include that when transaction costs are taken into consideration, significant sector timing ability is required to beat the sector benchmark; and it is more important to improve the ability in timing the financial-dominant market in Taiwan.en_US
dc.description.accreditationInternational Bibliography of Social Sciences
dc.identifier.citationHsieh, H-H. (2013). Potential gains from sector timing in Taiwan. Journal of Economics and Behavioral Studies, 5(10): 708-717en_US
dc.identifier.issn2220-6140
dc.identifier.issn2220-6140
dc.identifier.urihttp://hdl.handle.net/10566/2580
dc.identifier.urihttps://ifrnd.org/journal/index.php/jebs/article/view/444
dc.language.isoenen_US
dc.publisherIFRDen_US
dc.rightsThis work is licensed under a Creative Commons Attribution 4.0 International License
dc.subjectTaiwanen_US
dc.subjectStock marketen_US
dc.subjectInformation and Communication Technology (ICT)en_US
dc.subjectTaiwan Futures Exchange (TAIFEX)en_US
dc.titlePotential gains from sector timing in Taiwanen_US
dc.typeArticleen_US

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