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Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations
Dissertation (MBA)--University of Pretoria, 2010.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613609241083904 |
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| access_status_str | Open Access |
| author2 | Ward, Mike |
| author_browse | Ward, Mike |
| author_facet | Ward, Mike |
| collection | Thesis |
| dc_rights_str_mv | © 2008, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria |
| description | Dissertation (MBA)--University of Pretoria, 2010. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23293 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:38:52.072Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23293 Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations Ward, Mike upetd@up.ac.za Terblanche, R.C. UCTD Stock exchanges Dissertation (MBA)--University of Pretoria, 2010. Market timing on the Johannesburg Stock Exchange has been the subject of numerous researches in South Africa, using different market conditions. This research aims to explore the effectiveness of a strategy of market-timing against a buy and hold strategy, at a reasonable level of market timing ability Seven equally weighted share portfolios were created from 56 different companies listed on the Johannesburg Stock Exchange. These companies’ share movements have a positive or negative correlation to the exchange rate movements. From the seven portfolios, three equally weighted group portfolios were created; one portfolio was containing shares with a positive exposure to exchange rate changes and a second portfolio was containing shares with a negative exposure. The research is exploratory in nature and observed that, the levels of predictive ability reported for Proposition 2 is generally higher than the findings presented in Proposition 1. This is ascribed to the higher index used to determine the various levels of return. The levels of predictive ability are consistent with results of other market timing studies, using different market conditions. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T14:52:41Z 2010-06-08 2013-09-06T14:52:41Z 2009-04-01 2010-06-08 2010-03-17 Dissertation Terblanche, RC 2009, Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23293 > G10/103/ag http://hdl.handle.net/2263/23293 http://upetd.up.ac.za/thesis/available/etd-03172010-124541/ © 2008, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria application/pdf University of Pretoria |
| spellingShingle | UCTD Stock exchanges Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations |
| title | Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations |
| title_full | Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations |
| title_fullStr | Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations |
| title_full_unstemmed | Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations |
| title_short | Market timing on the Johannesburg Stock Exchange using exchange rates fluctuations |
| title_sort | market timing on the johannesburg stock exchange using exchange rates fluctuations |
| topic | UCTD Stock exchanges |
| url | http://hdl.handle.net/2263/23293 http://upetd.up.ac.za/thesis/available/etd-03172010-124541/ |