Search results for "Timing"
showing 10 items of 126 documents
A Comprehensive Look at the Real-Life Performance of Moving Average Trading Strategies
2015
Despite the enormous current interest in market timing and a series of publications in academic journals, there is still lack of comprehensive research on the evaluation of the profitability of trading rules using methods that are free from the data-snooping bias. In this paper we utilize the longest historical dataset that spans 155 years and extend previous studies on the performance of moving average trading rules in a number of important ways. Among other things, we investigate whether overweighting the recent prices improves the performance of timing rules; whether there is a single optimal lookback period in each trading rule; and how accurately the trading rules identify the bullish …
Dynamic Asset Allocation Strategies Based on Unexpected Volatility
2013
In this paper we document that at the aggregate stock market level the unexpected volatility is negatively related to expected future returns and positively related to future volatility. We demonstrate how the predictive ability of unexpected volatility can be utilized in dynamic asset allocation strategies that deliver a substantial improvement in risk-adjusted performance as compared to traditional buy-and-hold strategies. In addition, we demonstrate that active strategies based on unexpected volatility outperform the popular active strategy with volatility target mechanism and have the edge over the widely reputed market timing strategy with 10-month simple moving average rule.
Unifying prospective and retrospective interval-time estimation: A fading-Gaussian activation-based model of interval-timing
2014
International audience; Hass and Hermann (2012) have shown that only variance-based processes will lead to the scalar growth of error that is characteristic of human time judgments. Secondly, a major meta-review of over one hundred studies (Block et al., 2010) reveals a striking interaction between the way in which temporal judgments are queried and cognitive load on participants’ judgments of interval duration. For retrospective time judgments, estimates under high cognitive load are longer than under low cognitive load. For prospective judgments, the reverse pattern holds, with increased cognitive load leading to shorter estimates. We describe GAMIT, a Gaussian spreading-activation model,…
Dietary Microperiodization in Elite Female and Male Runners and Race Walkers During a Block of High Intensity Precompetition Training.
2017
We investigated one week of dietary microperiodization in elite female (n = 23) and male (n = 15) runners and race-walkers by examining the frequency of training sessions and recovery periods conducted with recommended carbohydrate (CHO) and protein availability. Food and training diaries were recorded in relation to HARD (intense or >90min sessions; KEY) versus RECOVERY days (other-than KEY sessions; EASY). The targets for amount and timing of CHO and protein around KEY sessions were based on current nutrition recommendations. Relative daily energy and CHO intake was significantly (p < .05) higher in males (224 ± 26 kJ/kg/d, 7.3 ± 1.4 g/kg/d CHO) than females (204 ± 29 kJ/kg/d, 6.2 ±…
The enhanced X-ray Timing and Polarimetry mission—eXTP
2019
In this paper we present the enhanced X-ray Timing and Polarimetry mission - eXTP. eXTP is a space science mission designed to study fundamental physics under extreme conditions of density, gravity and magnetism. The mission aims at determining the equation of state of matter at supra-nuclear density, measuring effects of QED, and understanding the dynamics of matter in strong-field gravity. In addition to investigating fundamental physics, eXTP will be a very powerful observatory for astrophysics that will provide observations of unprecedented quality on a variety of galactic and extragalactic objects. In particular, its wide field monitoring capabilities will be highly instrumental to det…
New insights into the Be/X-ray binary system MXB 0656-072
2012
The X-ray transient MXB 0656-072 is a poorly studied member of high-mass X-ray binaries. Based on the transient nature of the X-ray emission, the detection of pulsations, and the early-type companion, it has been classified as a Be X-ray binary (Be/XRB). However, the flaring activity covering a large fraction of a giant outburst is somehow peculiar. Our goal is to investigate the multiwavelength variability of the high-mass X-ray binary MXB 0656-072. We carried out optical spectroscopy and analysed all RXTE archive data, performing a detailed X-ray-colour, spectral, and timing analysis of both normal (type-I) and giant (type-II) outbursts from MXB 0656-072 This is the first detailed analysi…
The 54 days orbital period of AX J1820.5-1434 unveiled by Swift
2013
The hard X-ray survey that Swift-BAT has been performing since late 2004 has provided a considerable database for a large number of sources whose hard X-ray emission was poorly known. We are exploiting the BAT survey archive to improve the temporal and spectral characterization of the Galactic hard-X-ray sources. In this letter we focus on the study of the high mass X-ray binary AX J1820.5-1434. All the data relevant to AX J1820.5-1434 have been extracted from the BAT survey archive and analyzed using a folding technique to search for periodical modulations. A broad-band spectral analysis was also performed complementing the BAT spectrum with the available Swift-XRT and XMM-Newton pointed o…
LOFT - A large observatory for x-ray timing
2010
The high time resolution observations of the X-ray sky hold the key to a number of diagnostics of fundamental physics, some of which are unaccessible to other types of investigations, such as those based on imaging and spectroscopy. Revealing strong gravitational field effects, measuring the mass and spin of black holes and the equation of state of ultradense matter are among the goals of such observations. At present prospects for future, non-focused X-ray timing experiments following the exciting age of RXTE/PCA are uncertain. Technological limitations are unavoidably faced in the conception and development of experiments with effective area of several square meters, as needed in order to…
The bright and dark sides of CEO hubris: Assessing cultural distance in international business
2021
This paper aims to enrich the behavioral theory of international business strategyby investigating how CEO hubris (i.e., excess pride and confidence) affects inter-national strategic choices, that is, location selection, entry timing, and modes ofentry into the target market. Specifically, we focus on the relationship betweencultural distance and international strategic choices and consider hubris as a mech-anism that influences CEOs’ decisions. Our conceptual framework recognizes thatthe performance of international strategies managed by hubristic CEOs isextremely volatile. On the one hand, we corroborate the idea that hubris has adark side that may lead to pernicious outcomes. On the othe…
Moving Averages for Market Timing
2016
This paper begins by presenting the moving average methodology of detecting the direction of a trend and identifying turning points in the trend in real time. The paper then proceeds to introduce the general weighted moving average, derives some of its key properties, and discusses how to quantitatively assess the two important characteristics of a moving average: the average lag time and the smoothness. Finally the paper aims to give an overview of some specific types of moving averages used in market timing. These types include regular moving averages, moving averages of moving averages, and mixed moving averages with less lag time. Different types of moving averages are compared to each …