系统投资计划vs市场定时投资

IF 1.1 Q3 ECONOMICS

Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-08-20 DOI:10.1080/17520843.2021.1969086

R. Venkataramani, P. Kayal

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引用次数: 2

摘要

摘要本文考察了系统投资计划（SIP）的绩效和不同的市场时机策略。分析中考虑了NIFTY50指数的组成部分。实证结果表明，SIP是一种适合长期投资以及波动最小和中等的股票的投资策略。在冲击期间，对于高度波动的行业，绝对动量投资是一种优越的短期投资策略。基本价值观在决定合适的投资策略方面也发挥着重要作用。从长远来看，使用资本回报率较高的股票有利于SIP投资策略。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Systematic investment plans vs market-timed investments

ABSTRACT This paper examines the performance of the Systematic Investment Plan (SIP) and different market timing strategies. The components of the NIFTY50 index are considered for the analysis. The empirical results suggest SIP as a suitable investment strategy for long-term investments and for the stocks belonging to least and moderately volatile. During shocks, absolute momentum investment is a superior short-term investment strategy for highly volatile sectors. Fundamental values also play an important role in deciding the suitable investment strategy. Over the long run, stocks with a higher return on capital employed (ROCE), favours the SIP investment strategy.

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来源期刊

Macroeconomics and Finance in Emerging Market Economies ECONOMICS-

CiteScore

2.40

自引率

7.70%

发文量