Do psychological barriers exist in Latin American stock markets?

Abstract: We examine for the first time the major stock markets of eight Latin American countries for indication of psychological barriers at round numbers. We test for uniformity in the trailing digits of the indices and use regression and GARCH analysis to assess the differential impact of being a...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Lobão,Júlio, Fortuna,Natércia, Silva,Franklin
Lenguaje:	English
Publicado:	ILADES. Universidad Alberto Hurtado. 2020
Materias:	Latin American markets psychological barriers stock market indices market psychology round numbers
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702020000200029
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:scielo:S0718-88702020000200029
record_format	dspace
spelling	oai:scielo:S0718-887020200002000292020-10-26Do psychological barriers exist in Latin American stock markets?Lobão,JúlioFortuna,NatérciaSilva,Franklin Latin American markets psychological barriers stock market indices market psychology round numbers Abstract: We examine for the first time the major stock markets of eight Latin American countries for indication of psychological barriers at round numbers. We test for uniformity in the trailing digits of the indices and use regression and GARCH analysis to assess the differential impact of being above or below a possible barrier. The Chilean stock market seems to be significantly different from its counterparts as it is the only one that showed virtually no signs of psychological barriers. There is mild to strong evidence of barriers in the remaining markets. These findings challenge the notion that most Latin American markets are unpredictable and lend credit to the claim that technical analysis strategies can be useful in some of these markets.info:eu-repo/semantics/openAccessILADES. Universidad Alberto Hurtado.Revista de análisis económico v.35 n.2 20202020-10-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702020000200029en10.4067/S0718-88702020000200029
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Latin American markets psychological barriers stock market indices market psychology round numbers
spellingShingle	Latin American markets psychological barriers stock market indices market psychology round numbers Lobão,Júlio Fortuna,Natércia Silva,Franklin Do psychological barriers exist in Latin American stock markets?
description	Abstract: We examine for the first time the major stock markets of eight Latin American countries for indication of psychological barriers at round numbers. We test for uniformity in the trailing digits of the indices and use regression and GARCH analysis to assess the differential impact of being above or below a possible barrier. The Chilean stock market seems to be significantly different from its counterparts as it is the only one that showed virtually no signs of psychological barriers. There is mild to strong evidence of barriers in the remaining markets. These findings challenge the notion that most Latin American markets are unpredictable and lend credit to the claim that technical analysis strategies can be useful in some of these markets.
author	Lobão,Júlio Fortuna,Natércia Silva,Franklin
author_facet	Lobão,Júlio Fortuna,Natércia Silva,Franklin
author_sort	Lobão,Júlio
title	Do psychological barriers exist in Latin American stock markets?
title_short	Do psychological barriers exist in Latin American stock markets?
title_full	Do psychological barriers exist in Latin American stock markets?
title_fullStr	Do psychological barriers exist in Latin American stock markets?
title_full_unstemmed	Do psychological barriers exist in Latin American stock markets?
title_sort	do psychological barriers exist in latin american stock markets?
publisher	ILADES. Universidad Alberto Hurtado.
publishDate	2020
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702020000200029
work_keys_str_mv	AT lobaojulio dopsychologicalbarriersexistinlatinamericanstockmarkets AT fortunanatercia dopsychologicalbarriersexistinlatinamericanstockmarkets AT silvafranklin dopsychologicalbarriersexistinlatinamericanstockmarkets
_version_	1714206220725780480

Do psychological barriers exist in Latin American stock markets?

Ejemplares similares