| Summary: | 碩士 === 長榮大學 === 國際企業研究所 === 96 === This research applies golden cross and dead cross, proposed by Granville, as a basis of transactional principle to comparing the earn profits of Taiwan and Hong Kong’ stock market by moving average price of the different date cross. The study utilizes TEJ data of Taiwan stock price sample from January, 2002 to January, 2008, and data of Hong Kong stock price sample from January, 1994 to September, 2007 from the Yahoo Finance & Economics Center. With the program design and one-way ANOVA analysis, the study proceeds to analyze the cross effect on the moving average price by different moving of days and the different data integer period. It mainly discusses the differences between the earn probability and rates of profit by using moving average prices of two regions with transactional principles of golden cross and dead cross.
The results serve as significant references to the investors avoid the investment risks. The findings indicate the following:
(1)This transactional principle cannot be applied to different regions when analyzing the effect of different moving of days on the moving average price.
(2) The transactional pricnciple cannot be applied to different regions when analyzing the effect of different data interger period on the moving average price.
(3) The transactional principle is significant in Taiwan and Hong Kong’s rates of earn probability when applying Future N Day approach.
By the above conclusions, under two different regions, different data integer period, the combination compare in pairs. The investors can use the target of moving average price for avoid the risk in the future.
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