Market Timing and Moving Averages: An Empirical Analysis of Performance in Asset Allocation

by Paskalis Glabadanidis

Book Overview

There is a prevailing view among researchers and practitioners that abnormal risk-adjusted returns are an anomaly of financial market inefficiency. This outlook is misleading, since such returns only shed light on the imperfect models commonly used to measure and benchmark investment performance. In particular, using static asset pricing models to judge the performance of a dynamic investment strategy leads to flawed inferences when predicting market...

• Format: Hardcover
• Language: English
• ISBN: 1137364688
• ISBN13: 9781137364685
• Release Date: July 2015
• Publisher: Palgrave MacMillan
• Length: 177 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.6" x 5.5" x 8.5"