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

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contributor.author Al Omar, Husain en_US
contributor.author Al-Muraikhi, Husain F. en_US
date.accessioned 2009-11-25T12:41:23Z en_US
date.available 2009-11-25T12:41:23Z en_US
date.issued 2008 en_US
identifier.citation Studies of Business and Economics, 2008, Vol. 14, No. 2, Pages 65-75. en_US
identifier.uri http://hdl.handle.net/10576/6844 en_US
description.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. en_US
language.iso en en_US
publisher Qatar University en_US
subject Kuwait Stock Market en_US
title Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market en_US
type Article en_US
identifier.pagination 65-75 en_US
identifier.issue 2 en_US
identifier.volume 14 en_US


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