• JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
  • JoomlaWorks Simple Image Rotator
 
  Bookmark and Share
 
 
Master's Dissertation
DOI
10.11606/D.12.2003.tde-03032009-103053
Document
Author
Full name
Marco Antonio de Barros Penteado
E-mail
Institute/School/College
Knowledge Area
Date of Defense
Published
São Paulo, 2003
Supervisor
Committee
Fama, Rubens (President)
Securato, Jose Roberto
Yamamoto, Marina Mitiyo
Title in Portuguese
Uma avaliação estatística da análise gráfica no mercado de ações brasileiro à luz da teoria dos mercados eficientes e das finanças comportamentais
Keywords in Portuguese
Análise de invesimentos
Análise fundamentalista
Análise gráfica
Análise técnica
Finanças
Finanças comportamentais
Hipótese dos mercados eficientes
Abstract in Portuguese
Partindo dos conceitos estabelecidos pela Hipótese dos Mercados Eficientes (HME), a qual questiona a validade da Análise Gráfica, e considerando as críticas feitas à HME pelos defensores das assim chamadas Finanças Comportamentais, e outros, este estudo procurou detectar a existência de uma relação entre os sinais gráficos observados no dia-a-dia do mercado de ações brasileiro e as tendências que lhes sucedem, durante um período de 8 anos, para um número de papéis. Os resultados obtidos neste trabalho evidenciam a existência de tal relação, sugerindo a validade da utilização da Análise Gráfica como instrumento para a previsão de preços no mercado de ações brasileiro, no período considerado.
Title in English
An statistical evaluation of the technical analysis in the Brazilian stock market in the light of the efficient market hypothesis and the behavioral finance
Keywords in English
Behavioral finance
Efficient market hypothesis
Finance
Investment analysis
Security analysis
Technical analysis
Abstract in English
Based on the principles established by the Efficient Market Hypothesis (EMH), which argues that the Technical Analysis is of no value in order to predict future prices of securities, and considering the criticism to the EMH by the advocates of the so called Behavioral Finance, and others, this work tried to detect the existence of a relationship between the graphic signals observed day by day in the Brazilian stock market and the trends which happen after these signals, within a period of 8 years, for a number of securities. The results obtained from this study offer evidence of the existence of such relationship, suggesting the validity of the Technical Analysis as an instrument to predict security prices in the Brazilian stock market within that period.
 
WARNING - Viewing this document is conditioned on your acceptance of the following terms of use:
This document is only for private use for research and teaching activities. Reproduction for commercial use is forbidden. This rights cover the whole data about this document as well as its contents. Any uses or copies of this document in whole or in part must include the author's name.
ANEXOS_BASE.pdf (24.29 Kbytes)
ANEXO_1.pdf (154.42 Kbytes)
ANEXO_2.pdf (109.16 Kbytes)
ANEXO_3.pdf (37.39 Kbytes)
ANEXO_4.pdf (14.57 Kbytes)
ANEXO_5.pdf (38.26 Kbytes)
ANEXO_6.pdf (17.01 Kbytes)
ANEXO_7.pdf (11.47 Kbytes)
ANEXO_8.pdf (24.78 Kbytes)
dissertacao_FULL.pdf (709.74 Kbytes)
Publishing Date
2009-03-11
 
WARNING: Learn what derived works are clicking here.
All rights of the thesis/dissertation are from the authors
Centro de Informática de São Carlos
Digital Library of Theses and Dissertations of USP. Copyright © 2001-2022. All rights reserved.