| URN | etd-0801124-163544 | Statistics | This thesis had been viewed 58 times. Download 2 times. |
| Author | HSIN-YUAN LIU | ||
| Author's Email Address | victor19781029@yahoo.com.tw | ||
| Department | Institute of Industrial Management | ||
| Year | 2023 | Semester | 2 |
| Degree | Master | Type of Document | Master's Thesis |
| Language | zh-TW.Big5 Chinese | Page Count | 60 |
| Title | Empirical research on investing in the Taiwan stock market by combining economic indicators and technical analysis models - taking Yuanta Taiwan 50 ETF as an example. | ||
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| Abstract | This study aims to explore the selection of important and indicative parameters through fundamental, monetary, and technical tools in stock market investment. It conducts single-item and cross-combination strategy modes to track and back test buy-in opportunities for long-term relative lows in the Taiwan stock market. Through a systematic stock selection approach, whenever the identified conditions are met, an investment is made in the Yuanta Taiwan 50 ETF (stock code: 0050). The study adopts a long-term holding perspective for performance back testing (Buy & Hold) until June 2023. Additionally, it incorporates two major financial market disaster scenarios: the global financial crisis in 2008 and the covid-19 pandemic in 2020, along with the holding period until June 2023. This results in a total of three hypothetical scenarios. Through seven investment single and combined strategies, total of 21 sets of performance back testing results are presented. Cash dividend, as a significant investment variable, is included, and the results are classified into dividend-inclusive and dividend-exclusive categories, yielding a total of 42 empirical results. Three parameters are selected for this study: first, Taiwanˇ¦s Prosperity Countermeasures Score as the main fundamental analysis; second, the difference between the total money supply M1B and M2; and third, the monthly KD value as a technical indicator. The back testing results of study show cross-combination strategies using fundamental and technical indicators as benchmarks demonstrate relatively outstanding overall performance. Analyses conducted using return ratio and absolute return value reveal excellent returns, especially dividend-inclusive This not only brings capital gains but also long-term dividend income. |
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| Advisor Committee | |||
| Files | indicate access worldwide | ||
| Date of Defense | 2024-06-19 | Date of Submission | 2024-08-01 |