Sentiment and the Effectiveness of Technical Analysis: Evidence from the Hedge Fund Industry

2014 ◽  
Author(s):  
David M. Smith ◽  
Na Wang ◽  
Ying Wang ◽  
Edward J. Zychowicz
Keyword(s):  
Hedge Fund ◽  
Technical Analysis ◽  
Fund Industry

Sentiment and the Effectiveness of Technical Analysis: Evidence from the Hedge Fund Industry

2016 ◽  
Vol 51 (6) ◽  
pp. 1991-2013 ◽  
Author(s):  
David M. Smith ◽  
Na Wang ◽  
Ying Wang ◽  
Edward J. Zychowicz
Keyword(s):  
Hedge Funds ◽  
Lower Risk ◽  
Market Timing ◽  
Hedge Fund ◽  
Technical Analysis ◽  
Fund Managers ◽  
Short Sale ◽  
Timing Ability ◽  
Fund Industry

This article presents a unique test of the effectiveness of technical analysis in different sentiment environments by focusing on its usage by perhaps the most sophisticated and astute investors, namely, hedge fund managers. We document that during high-sentiment periods, hedge funds using technical analysis exhibit higher performance, lower risk, and superior market-timing ability than nonusers. The advantages of using technical analysis disappear or even reverse in low-sentiment periods. Our findings are consistent with the view that technical analysis is relatively more useful in high-sentiment periods with larger mispricing, which cannot be fully exploited by arbitrage activities because of short-sale impediments.

The Hedge Fund “Industry” and Absolute Return Funds

CFA Digest ◽  
1999 ◽  
Vol 29 (4) ◽  
pp. 43-44
Author(s):  
Laurie Effron
Keyword(s):  
Hedge Fund ◽  
Fund Industry

The Dynamics of the Hedge Fund Industry

CFA Digest ◽  
2005 ◽  
Vol 35 (4) ◽  
pp. 87-90 ◽  
Author(s):  
Frank T. Magiera
Keyword(s):  
Hedge Fund ◽  
Fund Industry

Tailing Tail Risk in the Hedge Fund Industry

2012 ◽  
Author(s):  
Walter Distaso ◽  
Marcelo Fernandes ◽  
Filip Zikes
Keyword(s):  
Hedge Fund ◽  
Tail Risk ◽  
Fund Industry

Aggregate Alpha in the Hedge Fund Industry: A Further Look at Best Ideas

2020 ◽  
Author(s):  
Faryan Amir-Ghassemi ◽  
Andrew Papanicolaou ◽  
Michael Perlow
Keyword(s):  
Hedge Fund ◽  
Fund Industry

Investor Flows and Fund Restrictions in the Hedge Fund Industry

2007 ◽  
Author(s):  
Bill Ding ◽  
Mila Getmansky ◽  
Bing Liang ◽  
Russ R. Wermers
Keyword(s):  
Hedge Fund ◽  
Fund Industry
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