AN INVESTIGATION OF IMPLEMENTING CONTRARIAN TRADING STRATEGY IN TEHRAN STOCK EXCHANGE (TSE)

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

MEHRANI SASAN; NOUNAHALNAHR A.A.

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: THE IRANIAN ACCOUNTING AND AUDITING REVIEW Year:2008 | Volume:14 | Issue:50 Page(s): 25-46

Download Full-Text

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Verion

View:

1,591

Download:

Cites:

Information Journal Paper

Title

AN INVESTIGATION OF IMPLEMENTING CONTRARIAN TRADING STRATEGY IN TEHRAN STOCK EXCHANGE (TSE)

Author(s)

MEHRANI SASAN | NOUNAHALNAHR A.A. | Issue Writer Certificate

Keywords

CONTRARIAN TRADING STRATEGYQ3

EFFICIENT MARKET HYPOTHESIS (EMH)Q3

OVERREACTIONQ3

RETURN REVERSALQ2

WINNER AND LOSER STOCKSQ3

Abstract

In this study we investigate the possibility of earning abnormal returns through the use of CONTRARIAN TRADING STRATEGY in Tehran Stock Exchange (TSE). CONTRARIAN TRADING STRATEGY states that stocks which had better performances in the past, should be sold and stocks that had poor performances, should be bought. This strategy is based on the belief that capital market shows OVERREACTION to the recent information and determines the price of Winner stocks more than their real value and the price of less Losers than their real value. Consequently in the subsequent periods, market will recognize its mispricing and RETURN REVERSAL will be observed in these stocks. Five major industries of Tehran Stock Exchange (TSE) which were studied between the years of 1379 to 1384, formed statistical sample of this study. Statistical Method of T-test were used to analyze the gathered data. Results revealed that it is possible to increase return of investments on securities in the TSE through the use of contrarian investment strategy.

Cites

References

Cite

APA: Copy

MEHRANI, SASAN, & NOUNAHALNAHR, A.A.. (2008). AN INVESTIGATION OF IMPLEMENTING CONTRARIAN TRADING STRATEGY IN TEHRAN STOCK EXCHANGE (TSE). THE IRANIAN ACCOUNTING AND AUDITING REVIEW, 14(50), 25-46. SID. https://sid.ir/paper/8267/en

Vancouver: Copy

MEHRANI SASAN, NOUNAHALNAHR A.A.. AN INVESTIGATION OF IMPLEMENTING CONTRARIAN TRADING STRATEGY IN TEHRAN STOCK EXCHANGE (TSE). THE IRANIAN ACCOUNTING AND AUDITING REVIEW[Internet]. 2008;14(50):25-46. Available from: https://sid.ir/paper/8267/en

IEEE: Copy

SASAN MEHRANI, and A.A. NOUNAHALNAHR, “AN INVESTIGATION OF IMPLEMENTING CONTRARIAN TRADING STRATEGY IN TEHRAN STOCK EXCHANGE (TSE),” THE IRANIAN ACCOUNTING AND AUDITING REVIEW, vol. 14, no. 50, pp. 25–46, 2008, [Online]. Available: https://sid.ir/paper/8267/en

Related Journal Papers