نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشجوی کارشناسی ارشد دانشگاه آزاد اسلامی واحد علوم تحقیقات گیلان
2 استادیارو عضو هیات علمی گروه حسابداری، دانشگاه آزاد اسلامی واحد رشت (مسئول مکاتبات)
3 مربی و عضو هیات علمی گروه حسابداری، دانشگاه آزاد اسلامی واحد رشت
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
The present research has been carried out aiming at comparing the return and risk in selected technical methods, using two strategies of reinvestment and rebalancing, and a buy and hold method as an inactive investment method, in Tehran Stock Exchange during the years between 2006 and 2012. After data collection about 15 active firms, Excel broadsheet software was used to categorize information and calculate the variables. Finally the resulted data were analyzed through the use of SPSS software. In this research, risk and return of the selected technical methods including moving average, two moving averages, money flow index, trading range breakout, and money flow index were calculated by using the two strategies and then the return and risk of the selected technical methods were compared using buy and hold method. Results showed that the return of technical methods with two strategies of reinvestment and balancing do not have meaningful differences. Meanwhile, the risk of reinvestment method has had a meaningful difference with the risk of balancing investment method and in most results; the risk of technical method with reinvestment strategy has been less that the same technical method with balancing strategy. On the contrary, the technical method with two strategies posed for return of buy and hold method has been different from technical methods with reinvestment and balancing strategies and this difference has been more for technical method with balancing strategy than reinvestment strategy. On the whole, in most selected technical methods, the returns of the selected technical method have been less than buy and hold method with a trivial difference. And the return of buy and hold method has been less than technical method used with balancing investment strategy. Regarding risk, most results gained showed that the risk of the selected technical method with reinvestment strategy has been less than the risk of buy and hold method and risk of buy and hold method has been more than the technical method used with rebalancing investment strategy.
کلیدواژهها [English]