Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market

QSpace/Manakin Repository

Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market

Show full item record


Title: Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market
Author: Al Omar, Husain; Al-Muraikhi, Husain F.
Abstract: This paper provides empirical evidence on the profitability of the alternative expectation formation mechanisms in the case of Kuwait Stock Exchange as an example of an emerging market. The results indicate that both extrapolative and adaptive expectations are profitable while regressive expectations are not. In addition, the results imply that extrapolative expectations are more profitable than adaptive. An important conclusion of this paper is that the market suffers form inefficiency since future trend of the market can be predicted from its past performance, a phenomenon shared by emerging markets.
URI: http://hdl.handle.net/10576/6844
Date: 2008

Files in this item

Files Size Format View
abstract.pdf 1.891Kb PDF View/Open
abstract.doc 20Kb Microsoft Word View/Open
13081402-04-fulltext.pdf 129.9Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record

Search QSpace


Advanced Search

Browse

My Account