Treffer: Market timing and cap rotation

Title:
Market timing and cap rotation
Source:
Proceedings of the International Conference on Computational Methods in Sciences and Engineering 2004Mathematical and computer modelling. 46(1-2):278-291
Publisher Information:
Oxford: Elsevier Science, 2007.
Publication Year:
2007
Physical Description:
print, 4 ref
Original Material:
INIST-CNRS
Document Type:
Konferenz Conference Paper
File Description:
text
Language:
English
Author Affiliations:
Department of Economics, University of Peloponnese, Greece
Department of Economics, Queens College and the Graduate School of CUNY, Flushing, NY 11367, United States
United States Department of Economics, lowa State University, Ames, IA 50011, United States
ISSN:
0895-7177
Rights:
Copyright 2007 INIST-CNRS
CC BY 4.0
Sauf mention contraire ci-dessus, le contenu de cette notice bibliographique peut être utilisé dans le cadre d’une licence CC BY 4.0 Inist-CNRS / Unless otherwise stated above, the content of this bibliographic record may be used under a CC BY 4.0 licence by Inist-CNRS / A menos que se haya señalado antes, el contenido de este registro bibliográfico puede ser utilizado al amparo de una licencia CC BY 4.0 Inist-CNRS
Notes:
Mathematics
Accession Number:
edscal.18794186
Database:
PASCAL Archive

Weitere Informationen

We examine the predictability of stock index returns (S&P500, S&P400 and Russell 2000) using the short-term interest rate as a predictor variable. Contrary to recent advances in the literature, we do find that the short-term interest rate has predictive power but over the relative performance of stock index returns (that is, when one accounts for cross-index differences), especially during the period when one of the index returns is negative. Trading strategies based on the finding prove to be profitable.