Sector Rotation over Business Cycles: Empirical Analysis in the US Stock Market Using Almost Stochastic Dominance
碩士 === 國立清華大學 === 計量財務金融學系 === 106 === This paper applies almost stochastic dominance to examine if sector rotation over business cycles exists and investors using it as a top-down approach can outperform the market. Employing monthly returns of Fama-French 49 industry portfolios in last three US bu...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2018
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| Online Access: | http://ndltd.ncl.edu.tw/handle/w8cgke |