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Does technical analysis generate profitability in the colombian stock market?

dc.contributor.advisorGuevara Castañeda, Diego Alejandro
dc.contributor.authorMedellín Aroz, Paula Andrea
dc.contributor.authorCortés Andrade, Juan Santiago
dc.date.accessioned2017-01-18T15:09:15Z
dc.date.available2017-01-18T15:09:15Z
dc.date.created2017-01-18
dc.date.issued2017
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dc.identifier.urihttp://hdl.handle.net/10818/29348
dc.description25 páginas.es_CO
dc.description.abstractIn this study, we test for the weak market efficiency hypothesis in the Colombian stock market through two technical analysis strategies, Simple Moving Averages and Moving Average Convergence and Divergence, on eighteen stocks that have been part for a longer period of time in the COLCAP index. By simulating buy and sell positions under each strategy, it is found that none the strategies generate returns higher than the passive strategy obtained using the Capital Asset Pricing Model, besides, the returns obtained from the strategies are negative. In this sense, these technical analysis strategies are not profitable on the Colombian stock market. ​​es_CO
dc.language.isoenges_CO
dc.publisherUniversidad de La Sabanaes_CO
dc.sourceUniversidad de La Sabana
dc.sourceIntellectum Repositorio Universidad de la Sabana
dc.subjectBolsa de valores -- Colombia
dc.subjectMercado de valores -- Colombia
dc.subjectAcciones (Bolsa) -- Colombia
dc.titleDoes technical analysis generate profitability in the colombian stock market?es_CO
dc.typebachelorThesises_CO
dc.publisher.programEconomía y Finanzas Internacionales
dc.publisher.departmentEscuela Internacional de Ciencias Económicas y Administrativas
dc.type.localTesis de pregrado
dc.type.hasVersionpublishedVersion
dc.rights.accessRightsopenAccess
dc.creator.degreeEconomista con énfasis en Finanzas Internacionales.


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