Long term performance of Taiwan Stock Market and timing strategy

Long term performance of Taiwan Stock Market and timing strategy

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碩士 === 國立政治大學 === 財務管理研究所 === 97 === This paper investigates the long term performance of Taiwan stock market from 1967 to 2008. We obtain the total return of Taiwan Stock Exchange Capitalization Weighted Stock Index (“TAIEX”) by adjusting cash dividends. Prior to Dec 31st, 2008, the adjusted TAIEX...

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Main Authors: Lin, Mu- Ming, 林牧民
Other Authors: Chow, Edward H.
Format: Others
Language:en_US
Published: 2009
Online Access:http://ndltd.ncl.edu.tw/handle/70841925130364453629
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spelling ndltd-TW-097NCCU53050272016-05-04T04:17:10Z http://ndltd.ncl.edu.tw/handle/70841925130364453629 Long term performance of Taiwan Stock Market and timing strategy 台灣股市長期報酬及擇時策略 Lin, Mu- Ming 林牧民 碩士 國立政治大學 財務管理研究所 97 This paper investigates the long term performance of Taiwan stock market from 1967 to 2008. We obtain the total return of Taiwan Stock Exchange Capitalization Weighted Stock Index (“TAIEX”) by adjusting cash dividends. Prior to Dec 31st, 2008, the adjusted TAIEX (AdTAIEX) become 16,088.49 is 3.5 times than 4591.23, the TAIEX it reach. Based on annualized rate of return, AdTAIEX has 13.069% greater than 9.743% of TAIEX. Investors not only care about the rate of return of their portfolio, but the real purchasing power they have. Based on correction of inflation, AdTAIEX only has 8.25% annually, with 4.819% erosion by inflation. TAIEX only has 5.07% annually, with 4.673% erosion by inflation. Also, we create a timing strategy according to the varying of past variance that may help “buy and hold”strategy. Chow, Edward H. 周行一 2009 學位論文 ; thesis 68 en_US
collection NDLTD
language en_US
format Others
sources NDLTD
description 碩士 === 國立政治大學 === 財務管理研究所 === 97 === This paper investigates the long term performance of Taiwan stock market from 1967 to 2008. We obtain the total return of Taiwan Stock Exchange Capitalization Weighted Stock Index (“TAIEX”) by adjusting cash dividends. Prior to Dec 31st, 2008, the adjusted TAIEX (AdTAIEX) become 16,088.49 is 3.5 times than 4591.23, the TAIEX it reach. Based on annualized rate of return, AdTAIEX has 13.069% greater than 9.743% of TAIEX. Investors not only care about the rate of return of their portfolio, but the real purchasing power they have. Based on correction of inflation, AdTAIEX only has 8.25% annually, with 4.819% erosion by inflation. TAIEX only has 5.07% annually, with 4.673% erosion by inflation. Also, we create a timing strategy according to the varying of past variance that may help “buy and hold”strategy.
author2 Chow, Edward H.
author_facet Chow, Edward H.
Lin, Mu- Ming
林牧民
author Lin, Mu- Ming
林牧民
spellingShingle Lin, Mu- Ming
林牧民
Long term performance of Taiwan Stock Market and timing strategy
author_sort Lin, Mu- Ming
title Long term performance of Taiwan Stock Market and timing strategy
title_short Long term performance of Taiwan Stock Market and timing strategy
title_full Long term performance of Taiwan Stock Market and timing strategy
title_fullStr Long term performance of Taiwan Stock Market and timing strategy
title_full_unstemmed Long term performance of Taiwan Stock Market and timing strategy
title_sort long term performance of taiwan stock market and timing strategy
publishDate 2009
url http://ndltd.ncl.edu.tw/handle/70841925130364453629
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AT línmùmín longtermperformanceoftaiwanstockmarketandtimingstrategy
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AT línmùmín táiwāngǔshìzhǎngqībàochóujízéshícèlüè
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