| URN | etd-0821124-160047 | Statistics | This thesis had been viewed 50 times. Download 1 times. |
| Author | Yu-Hao Tseng | ||
| Author's Email Address | Tenta927@gmail.com | ||
| Department | Institute of Industrial Management | ||
| Year | 2023 | Semester | 2 |
| Degree | Master | Type of Document | Master's Thesis |
| Language | zh-TW.Big5 Chinese | Page Count | 73 |
| Title | Research on the application of gap theory in Taiwan stock market | ||
| Keyword | |||
| Abstract | 3Abstract The research purpose of "An Empirical Study on the Application of Gap Theory in Taiwan's Stock Market" is to explore the effectiveness and application of gap theory in Taiwan's stock market. It first points out the limitations of traditional value and momentum strategies in the Taiwan market and emphasizes the importance of considering specific market characteristics when applying technical analysis. Select ETF Taiwan 0050 constituent stocks as the research object, and examine different types of stock price gaps and their impact on market behavior through empirical analysis. The findings suggest that while the gap theory has shown validity in some cases, its effectiveness may vary from stock to stock. The results of this study found that the analysis of gap fill rates using the adjusted candlestick method was similar to that using traditional candlestick charts. However, in terms of win rate and total profitability, the average win rate of gap analysis applied to adjusted candlesticks was significantly higher than that of traditional candlestick technical analysis, at 86% and 62%, respectively. This indicates that the adjusted candlestick technique is more reliable in determining trading signals. Additionally, the average profit per trade using adjusted candlesticks was better than that of traditional candlesticks, demonstrating the superior profitability of the adjusted candlestick method. Keywords: Technical analysis, gap theory, ETF Taiwan 0050 |
||
| Advisor Committee | |||
| Files | indicate access worldwide | ||
| Date of Defense | 2024-06-19 | Date of Submission | 2024-08-21 |