| Summary: | 碩士 === 南華大學 === 旅遊管理學系旅遊管理碩士班 === 107 === In the past scholars have studied the empirical results of relevant technical analysis indicators to obtain excess return. Therefore, the main purpose of this study is to use the characteristics of stock price fluctuations in the Bollinger Band interval to formulate different strategies to establish a trading module. What is the performance of the rewards for empirical analysis of the Bollinger Basin Breakthrough Strategy?
The study is based on daily trading data of 16 categories of tourism stocks and ETF stocks of Taiwan 50 (0050). During the study period, from January 1, 2013 to October 30, 2018, we collected 5.8 years of historical data to analyze the performance of the breakthrough strategy based on the Brin channel (BBand). The results are summarized as follows: First, the use of Brin to break through the first, second, third and fourth strategies empirical results: the overall performance of the daily trading of first, second, strategy sample combination is not good. Second, in the performance of individual stocks, Brin's breakthrough strategy performance of third and fourth strategies empirical some stocks can be better than the buy-and-hold strategy and ETF Taiwan 50 3. The empirical performance of Bollinger Band technical indicators during the study period is better than ETF Taiwan 50, which does not meet its efficiency market hypothesis. The results of the research provide reference to relevant authorities and provide investors with reference for the trading of stocks in the tourism industry.
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