Contrarian Strategy Base on Price Limits Rule

• Main Authors: Jonathan Hsu, 徐敬道
• Other Authors: Anchor
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/62107765418648287239

碩士 === 國立中興大學 === 高階經理人碩士在職專班 === 93 === This study explores the investment strategies with trading in the Taiwan Stock Market based on the price-limit rule from Jan. 2 2003 to May 20 2005. We expect to find out some viable strategies to trade in the market and uphold the good performance as well. Furthermore, another purpose of this study lies in whether the market will be enable to react their practical prices while the stock prices are approaching the price limit. Under the record in trading 578 days by means of deploying the contrarian strategy based on price-limit rule, the empirical result indicates the superior performance to be retained. Moreover, it would tend towards over-reaction while the market is approaching to the price-limit. Eventually, the research is very helpful to the investors for accessing their investments and to the government for renewing and modifying the related compliances.