É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro?
The asset selection decision has been one of the main challenges faced by financial market analysts. The theory of Charles Dow formulated in 1884 attempts to shed some light on this issue by forecasting stock market prices based on patterns. However the efficient market hypothesis has developed the...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
2011-09-01
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| Series: | RAC: Revista de Administração Contemporânea |
| Subjects: | |
| Online Access: | http://www.anpad.org.br/periodicos/arq_pdf/a_1235.pdf |
| _version_ | 1797711665316233216 |
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| author | Diego Paraiso Garcia Guimarães Gustavo Silva Araújo Claudio Henrique da Silveira Barbedo |
| author_facet | Diego Paraiso Garcia Guimarães Gustavo Silva Araújo Claudio Henrique da Silveira Barbedo |
| author_sort | Diego Paraiso Garcia Guimarães |
| collection | DOAJ |
| description | The asset selection decision has been one of the main challenges faced by financial market analysts. The theory of Charles Dow formulated in 1884 attempts to shed some light on this issue by forecasting stock market prices based on patterns. However the efficient market hypothesis has developed the hypothesis that this idea as useless. The aim of this work is to verify whether it is possible to profit from patterns in stock prices using the Ibovespa futures mini-contracts. Using the years 2006 and 2007 to calibrate the strategy and the period ranging from January 2008 to February 2010 to apply it, we obtained results higher than those of Ibovespa, even in terms of risk-return. The results suggest the weak form efficiency is not confirmed for the period under analysis. |
| first_indexed | 2024-03-12T07:10:24Z |
| format | Article |
| id | doaj.art-97dd4dab66834390a13904cc41e21e83 |
| institution | Directory Open Access Journal |
| issn | 1415-6555 1982-7849 |
| language | English |
| last_indexed | 2024-03-12T07:10:24Z |
| publishDate | 2011-09-01 |
| publisher | Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) |
| record_format | Article |
| series | RAC: Revista de Administração Contemporânea |
| spelling | doaj.art-97dd4dab66834390a13904cc41e21e832023-09-02T23:08:58ZengAssociação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)RAC: Revista de Administração Contemporânea1415-65551982-78492011-09-01155918930É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro?Diego Paraiso Garcia GuimarãesGustavo Silva AraújoClaudio Henrique da Silveira BarbedoThe asset selection decision has been one of the main challenges faced by financial market analysts. The theory of Charles Dow formulated in 1884 attempts to shed some light on this issue by forecasting stock market prices based on patterns. However the efficient market hypothesis has developed the hypothesis that this idea as useless. The aim of this work is to verify whether it is possible to profit from patterns in stock prices using the Ibovespa futures mini-contracts. Using the years 2006 and 2007 to calibrate the strategy and the period ranging from January 2008 to February 2010 to apply it, we obtained results higher than those of Ibovespa, even in terms of risk-return. The results suggest the weak form efficiency is not confirmed for the period under analysis.http://www.anpad.org.br/periodicos/arq_pdf/a_1235.pdftechnical analysisinvestmentIBOVESPA. |
| spellingShingle | Diego Paraiso Garcia Guimarães Gustavo Silva Araújo Claudio Henrique da Silveira Barbedo É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro? RAC: Revista de Administração Contemporânea technical analysis investment IBOVESPA. |
| title | É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro? |
| title_full | É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro? |
| title_fullStr | É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro? |
| title_full_unstemmed | É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro? |
| title_short | É Possível Bater o Ibovespa com Operações de Análise Técnica no Mercado Futuro? |
| title_sort | e possivel bater o ibovespa com operacoes de analise tecnica no mercado futuro |
| topic | technical analysis investment IBOVESPA. |
| url | http://www.anpad.org.br/periodicos/arq_pdf/a_1235.pdf |
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