Seasonality in the Hong Kong stock market and its implications on trading strategies.

• Other Authors: Chan, Po-ki Annie.
• Format: Others
• Language: English
• Published: Chinese University of Hong Kong 1993
• Subjects: Stock exchanges; Stock exchanges > China > Hong Kong; Investments; Investments > China > Hong Kong; Portfolio management; Seasonal variations (Economics); Seasonal variations (Economics) > China > Hong Kong
• Online Access: http://library.cuhk.edu.hk/record=b5887532; http://repository.lib.cuhk.edu.hk/en/item/cuhk-319085

by Chan Po-ki, Annie. === Thesis (M.B.A.)--Chinese University of Hong Kong, 1993. === Includes bibliographical references (leaf 107). === ABSTRACT --- p.ii === TABLE OF CONTENTS --- p.iii === LIST OF TABLES --- p.v === LIST OF ILLUSTRATIONS --- p.vi === LIST OF APPENDICES --- p.viii === ACKNOWLEDGEMENTS --- p.ix === Chapter === Chapter I. --- INTRODUCTION === Prologue --- p.1 === Purpose of Study --- p.2 === Scope of Study --- p.2 === Organization of Paper --- p.3 === Limitations of Study --- p.3 === Chapter II. --- THE HONG KONG STOCK MARKET === Development of the Stock Market --- p.5 === The Hang Seng Index --- p.9 === Role and Importance of the Stock Market --- p.10 === Characteristics of the Stock Market --- p.10 === Chapter III. --- THEORETICAL CONCEPTS AND FRAMEWORK OF ANALYSIS === Efficient Markets Theory --- p.12 === Random Walk Theory --- p.13 === Investment Strategies --- p.14 === Passive Strategy --- p.14 === Active Strategy --- p.14 === Market Analysis --- p.15 === The Fundamental School --- p.15 === The Technical School --- p.16 === Implications of Random Walk for Technical and Fundamental Analysis --- p.18 === Seasonality --- p.19 === Chapter IV. --- SEASONALITY IN THE HONG KONG STOCK MARKET === Introduction --- p.21 === Research Design --- p.21 === The Hang Seng Index --- p.21 === The Sub-Index --- p.22 === Individual Stocks in Sub-Index --- p.25 === Data Analysis and Findings --- p.26 === Discussions --- p.36 === Chapter V. --- IMPLICATIONS ON TRADING STRATEGIES === Introduction --- p.39 === Research Design --- p.39 === Trading Strategies Hypothesized --- p.39 === Interest on Cash Deposit --- p.40 === Dimensions of Comparison --- p.42 === Data Analysis and Findings --- p.44 === "Comparison One - One Stock, One Year" --- p.44 === "Comparison Two - One Stock, Ten Years" --- p.57 === "Comparison Three - Portfolio, One Year" --- p.60 === "Comparison Four - Portfolio, Ten Year" --- p.65 === Chapter VI. --- SUMMARY AND CONCLUSION --- p.68 === APPENDIX --- p.70 === BIBLIOGRAPHY --- p.107